Which statements about common shareholder
rights are FALSE?
I. A shareholder may exchange shares to convertible bonds at his option.
II. A shareholder’s right to a dividend precedes a bondholder’s right to a coupon payment.
III. A shareholder may inspect a company’s books.
IV. A shareholder may transfer ownership to minor children.
A) I, II and IV
B) II and III
C) II, III and IV
D) I, II, III and IV
The correct answer is a.
I should be the the other way around: convertible bond holders can exchange their bonds for shares.
II is incorrect because bondholders precede shareholders.
IV. is incorrect because Shareholders have the right of transfer, but minor children cannot hold securities.
Free info on financial certification exams including study guides, exam questions, and much more!
The correct answer is d) When the specialist gave the floor broker the quote of “59.20 to 35; 6 by 11,” the quote meant ...
The correct answer is c When the firm is a market maker in the stock then it must act as a principle. Principal is the main ...
The correct answer is c). Early withdrawal from a non-qualified annuity--prior to age 59½, except for death or disability, ...
A examination to ensure a candidate is qualified to become a ...
A person who prepares investigative reports on equity securities. ...
An exam required for individuals seeking to engage in off-exchange ...
One who provides financial advice or guidance to customers for ...
An exam offered by the Financial Industry Regulatory Authority ...
An exam given by the Financial Industry Regulatory Authority ...