Your Neighbor Is Quite Upset

question 177

Multiple Choice

Your neighbor is quite upset.She is 82 years old and has been having some serious vision problems.You have suggested quite a few times that she needs to see her doctor.She finally went and she was told that she has cataracts.She feels like she is the only one her age that has this problem.What could you tell her regarding what percentage of adults her age have cataracts?

• A)90%
• B)70%
• C)50%
• D)30%

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Definitions:

Authorized Shares

The highest quantity of shares that a company can legally distribute, as stated in its charter.

Noncumulative

Pertaining to preferred stock dividends, where dividends not paid in one period do not accumulate and are not required to be paid in future periods.

Preferred Stock

A class of ownership in a corporation with a higher claim on assets and earnings than common stock, usually with fixed dividends.

Par Value

The nominal or face value of a bond, share of stock, or other financial instrument, as stated by the issuer.