Bramley Company has declared a 20% stock dividend. At the close of trading just prior to going ex-dividend, Bramley was at $50 per share. At the open of trading on the ex-date, the price will be closest to

On January 1, 2000 the Trading Co. had 487,500 shares of common stock outstanding. During 2000 it had the following transactions that affected the common stock account:
February 1 Issued 141,000 shares
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March 1 Issued 10% stock dividend
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May 1 Acquired 142,000 shares of treasury stock
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June 1 Issued a 3-1 stock split
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October 1 Reissued 79,000 shares of treasury stock
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Determine the weighted average number of shares outstanding as of December 31, 2000.

A 7-year bond is selling for $89.78. The coupon is 7%, with payments being made semiannually, and the market required yield is 9%. If the market required yield drops to 8%, what will the amount of discount be?

Interest rate risk affects the yield to maturity earned by an investor when:

Of the following statements:
I). In a normal distribution, the coefficient of skewness is 1.0.
II). In normal distribution, approximately 95% of the observations lie within one standard deviation of its mean.