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Question 10. 10. (TCO 5) If Orlando Blodgett is buying the stock of
the Getaway Caribbean Cruise Company. If he buys the stock today,
knowing it is the first day it is selling without the dividend for this
quarter, on what date is Orlando buying the stock?
Record date
Sale date
Payment date
Ex dividend date
None of the aboveQuestion 11. 11. (TCO 5) Bill Affleck is interested in
buying preferred stock, but to be protected if the company needs to
omit a dividend payment. He wants any unpaid dividends to
accumulate and be paid before any common stock dividends are paid.
Which one of these features of preferred stock is Bill seeking?
Callable
Cumulative
Credible
None of the above
Question 12. 12. (TCO 5) Common stock represents _____.
a loan to a company
corporate ownership
a loan to an investor
a guarantee of dividends
a cash distribution