8. On March 1, 2021, you bought 700 shares of ABC Ltd. company at the...
70.2K
Verified Solution
Link Copied!
Question
Accounting
8. On March 1, 2021, you bought 700 shares of ABC Ltd. company at the prices of 23.456 AED per share. The company paid a dividend of 2 AED per share on March 27, 2021. On April 15, 2021, you sold all the shares at the price of 22.754 AED per share. Overall, how much was your profit/loss on this investment? a. Profit of 1400 AED b. Loss of 491.4 AED c. Loss of 908.6 AED d. Profit of 908.6 AED 9. Which of the following can be considered as the owners of a company? a. Bondholders b. Shareholders c. Banks d. Creditors 10. Which of the following is the main advantage of debt as a source of finance? a. Tax-shield b. Interest payments C. Credit rating d. Loan amortization
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
