Question 1

Go Co. has recently undertaken a corporate share repurchase. The shares that the company repurchases from shareholders are known as:

Question 2

Go Co. has recently undertaken a corporate share repurchase. Go Co. subsequently becomes the target of a hostile takeover transaction. In response, the board begins to look for ways to help ward off the unwanted suitor. One option that it considers is voting the treasury stock against the buyer's proposal. Such an action would be:

Question 3

For what reason would a company make a distribution to shareholders?

Question 4

CashCow Co. is paying a dividend to shareholders. Danny has purchased shares of the company, but is not clear on whether or not he is entitled to receive the dividend. What determines if he is eligible or not?

Question 5

A type of stock which affords its owner a set of special rights in the event that the firm goes bankrupt is referred to as:

Question 6

Common stock is always said to have: