Toyota Motor Corp

question 79

Multiple Choice

Toyota Motor Corp. ,once considered a company synonymous with reliability and customer satisfaction,has being engulfed in a perfect storm with millions of cars recalled.The following table shows the monthly adjusted close price per share of Toyota from October 2009 to March 2010. If the price index in April 2010 was 96.84,using December 2009 as the base,which of the following is the missing price per share for April 2010?

• A) $86.94
• B) $80.84
• C) $86.21
• D) $81.50

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Definitions:

Secondary Markets

Markets where investors buy and sell securities or assets that have already been issued or owned, such as the stock market.

Common Stock

An ownership stake in a company, signified by equity securities, granting the holder voting rights on corporate issues and entitlement to dividends.

Agency Problems

Conflicts of interest that arise when agents (managers or executives) make decisions that benefit themselves rather than the principals (shareholders) they are supposed to represent.

Sole Proprietorships

A company that is both owned and managed by one person, where there is no legal separation between the proprietor and the business itself.