Friday, March 16, 2007

CNBC Portfolio Challenge Bonus Bucks

CNBC's Million Dollar Portfolio Challenge

The Video Question: China's parliament passed a corporate income tax law in which all companies will pay a unified tax rate. What is the new tax rate?

Answer: 25%

Ameriprise Financial said it plans to buy back stock & increase it's dividend. Up to how much in stock does it plan to buy back?

Answer: $1 billion