Kiwi Charters Reported the Following Information at December 31,2012

question 100

Multiple Choice

Kiwi Charters reported the following information at December 31,2012: The average recorded value per share of common stock at December 31,2012 is

• A)$1.00
• B)$1.75
• C)$1.25
• D)$2.50

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Definitions:

Countercyclical Stock

A stock whose performance is inversely related to the economy's performance, often doing well during economic downturns.

U.S. Treasury Bills

Short-term government securities issued at a discount from par value and mature in a year or less, representing a secure debt obligation of the US government.

Risk Level

A measure of the potential for loss in an investment or business venture.

Portfolio Variance

A measure of the dispersion of returns of a portfolio, indicating the degree of investment risk.