Marsh Co. had 2,400,000 shares of common stock outstanding on January 1 and December 31, 2015. In connection with the acquisition of a subsidiary company in June 2014, Marsh is required to issue 100,000 additional shares of its common stock on July 1, 2016, to the former owners of the subsidiary. Marsh paid $100,000 in preferred stock dividends in 2015, and reported net income of $1,700,000 for the year. Marsh's diluted earnings per share for 2015 should be

The former chairman of the federal reserve, alan greenspan, used the term "irrational exuberance" in 1996 to describe the high levels of optimism among stock market investors at the time. stock market indexes such as the s& p composite price index were at an all-time high. some commentators believed that the fed should intervene to slow the expansion of the economy. why would central banks want to clamp down when the economy is growing? a. to block the formation of unsustainable speculative asset bubbles. b. to curtail excessive profits in the banking system. c. to prevent inflationary forces from gathering momentum. d. all of the above. e. a and c only.