Brady Inherited 1,750 Shares of LNM, Inc

question 36

Multiple Choice

Brady inherited 1,750 shares of LNM, Inc. The stock is selling in the market for $82 per share and the company is contemplating a 1-for-3 stock split. Given this information, which of the following statements is correct?

• A) Brady will have 583.33 shares and stock's price will be near $246.00.
• B) Brady will have 583.33 shares and stock's price will be near $27.33.
• C) Brady will have 5,250 shares and stock's price will be near $246.00.
• D) Brady will have 5,250 shares and stock's price will be near $27.33.

Comprehend the role of the Federal Trade Commission (FTC) in preventing unfair competition.

Analyze the impact of deregulation on various industries and consumer prices.

Discuss the significance of mergers and acquisitions in altering market competition.

Understand the consequences of illegal corporate practices, including false advertising and market manipulation.

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Definitions:

Profit

The financial gain achieved when the revenue gained from a business activity exceeds the expenses, costs, and taxes associated with sustaining the activity.

Tenancy In Common

Joint ownership of property in which each party owns an undivided interest that passes to his or her heirs at death.

Heirs

Individuals legally entitled to receive a portion of a deceased person's estate.

Fee Simple

a type of estate in land, which provides the owner with the most complete form of ownership, including the right to use, lease, or sell the property.