Penn Exam Number-700142RR Lesson Name Personal Finance

Question 1 

1. If a company has 150 shares of common stock and $15,000.00 to be distributed to its holders, how much would each share receive? 

A. $100

B. $50

C. $125

D. $150

Question 2 

2. What type of stock receives an equal part of the profits on each share to be distributed after all other obligations of a company have been satisfied? 

A. Cumulative preferred

B. Preferred

C. No-par