a. The active investor must pay greater tota
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which is the correct answer and why? I think it's c.
Relative to a passive investor who holds securities for a long time, all of the following statements about an active investor who frequently buys and sells securities are correct EXCEPT ____.
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- Relative to a passive investor who holds securities for a long time, all of the following statements about an active investor who frequently buys and sells securities are correct EXCEPT ____. Group of answer choices a:The active investor must pay greater total annual commission to security brokers b: The active investor must pay greater total annual tax to the government c: The active investor must earn greater net annual investment return, where net return is defines as return net of various transaction costs, fees and taxes d: The active investor must pay greater total annual bid-ask spread to security dealersRelative to a passive investor who holds securities for a long time, all of the following statements about an active investor who frequently buys and sells securities are correct EXCEPT ____. Group of answer choices The active investor must pay greater total annual commission to security brokers The active investor must pay greater total annual tax to the government The active investor must earn greater net annual investment return, where net return is defines as return net of various transaction costs, fees and taxes The active investor must pay greater total annual bid-ask spread to security dealersRelative to the strategy of buying and then holding for long time, frequently buying and selling securities will result in all of the followings for sure EXCEPT ____. a. Group of answer choices b. greater commissions paid to security brokers c. greater taxes paid to the government d. greater returns for the investor e. greater bid-ask spreads paid to security dealers
- Ronaldo is the CFO of Manchester, Inc. The company currently has an investment portfolio that includes a variety of both debt and equity securities. Ronaldo’s bonus is based on Manchester meeting certain earnings projections. How can Ronaldo take advantage of the classification of investment securities to improve his chances of receiving his bonus? Discuss the ethical and legal implications.A best efforts underwriting is a situation where: Question 31Answer a. An underwriter buys securities from an issuer and reoffers them to the public at a higher price. b. An underwriter commits to securing 100% market acceptance of a securities issue. c. The issuer receives all the proceeds from a market issue. d. The underwriter act as an agent of the issuer in marketing the securities to investorsOlivia Hawkins is evaluating a bond investment in Westlake Company. She is concerned about the corporation’s ability to make future interest payments. Determine the company’s time’s interest earned ratio if the company has operating income before interest and taxes of $12,235 million and interest expense of $1,025 million and interpret it.
- Lois selects securities to invest in after carefully examining the fundamentals of a company, using the accounting statements in its annual reports. Peter seeks to earn abnormal returns solely by studying stock price charts and investing based on the patterns he finds in the past prices. Which one of the following statements is correct?a. If Lois earns abnormal returns this violates weak-form market efficiency. If Peter earns abnormal returns this violates strong-form market efficiency.b. If Lois earns abnormal returns this violates strong-form market efficiency. If Peter earns abnormal returns this violates weak-form market efficiency.c. If Lois earns abnormal returns this violates semi-strong form market efficiency. If Peterearns abnormal returns this violates strong-form market efficiency.d. If Lois earns abnormal returns this violates semi-strong form market efficiency. If Peterearns abnormal returns this violates weak-form market efficiency.e. If Peter and Lois both earn abnormal…Addison Manufacturing holds a large portfolio of debt securities as an investment. The fair value of the portfolio is greater than its original cost, even though some debt securities have decreased in value. Sam Beresford, the financial vice president, and Angie Nielson, the controller, are near year-end in the process of classifying for the first time this securities portfolio in accordance with GAAP. Beresford wants to classify those securities that have increased in value during the period as trading securities in order to increase net income this year. He wants to classify all the securities that have decreased in value as held-to-maturity. Nielson disagrees. She wants to classify those debt securities that have decreased in value as trading securities and those that have increased in value as held-to-maturity. She contends that the company is having a good earnings year and that recognizing the losses will help to smooth the income this year. As a result, the company will have…Addison Manufacturing holds a large portfolio of debt securities as an investment. The fair value of the portfolio is greater than its original cost, even though some debt securities have decreased in value. Sam Beresford, the financial vice president, and Angie Nielson, the controller, are near year-end in the process of classifying for the first time this securities portfolio in accordance with GAAP. Beresford wants to classify those securities that have increased in value during the period as trading securities in order to increase net income this year. He wants to classify all the securities that have decreased in value as held-to-maturity. Nielson disagrees. She wants to classify those debt securities that have decreased in value as trading securities and those that have increased in value as held-to-maturity. She contends that the company is having a good earnings year and that recognizing the losses will help to smooth the income this year. As a result, the company will have…
- Suppose you are 28 and married. You and your spouse file for income taxes jointly. You are in the 25% tax bracket. You are considering a few personal investment issues. Suppose you believe that the security market is efficient in the semi-strong form. Which of the following statements is correct? a. Day trading is good because it may consistently beat the market and it saves transaction costs and taxes. b. Day trading is not good because it cannot consistently beat the market and it involves high transaction costs and taxes. c. Day trading may consistently beat the market, but it involves high transaction costs and taxes. d. Day trading cannot consistently beat the market, but it saves transaction costs and taxes.You work for a public company that has relied heavily ondebt financing in the past and is now considering a preferredstock issuance to reduce its debt-to-assets ratio. Debt-to-assetsis one of the key ratios in your company’s loan covenants.Should the preferred stock have a fixed annual dividend rateor a dividend that is determined yearly? In what way mightthis decision be affected by IFRS?Lois selects securities to invest in after carefully examining the fundamentals of a company, using the accounting statements in its annual reports. Peter seeks to earn abnormal returns solely by studying stock price charts and investing based on the patterns he finds in the past prices. Which one of the following statements is correct? If Lois earns abnormal returns this violates weak-form market efficiency. If Peter earns abnormal returns this violates strong-form market efficiency. If Lois earns abnormal returns this violates strong-form market efficiency. If Peter earns abnormal returns this violates weak-form market efficiency. If Lois earns abnormal returns this violates semi-strong form market efficiency. If Peter earns abnormal returns this violates strong-form market efficiency. If Lois earns abnormal returns this violates semi-strong form market efficiency. If Peter earns abnormal returns this violates weak-form market efficiency. If Peter and Lois both earn…
