Testbank Multiple Choice Question 106 Sheffield Corp. has 640000 shares of $10 par value common stock outstanding. During the year Sheffield declared a 15% stock dividend when the market price of the stock was $50 per share. Two months later Sheffield declared a $0.60 per share cash dividend. As a result of the dividends declared during the year, retained earnings decreased by:

The maximum tax rate on estates and gifts

Which maxim is being neglected in the following conversation? eli: how did you do at the track meet? caleb: i came in second place! eli: congratulations! what was your time? caleb: six minutes, four seconds. the guy who won only beat me by three seconds. eli: really? katie said the winning time was under 6 minutes. caleb: oh, well, he might have beat me by five seconds. a)maxim of quantity b)maxim of quality c)maxim of relevance d)maxim of manner

Bill dukes has $100,000 invested in a 2-stock portfolio. $62,500 is invested in stock x and the remainder is invested in stock y. x's beta is 1.50 and y's beta is 0.70. what is the portfolio's beta? do not round your intermediate calculations. round the final answer to 2 decimal places.