The cost of issuing preferred stock by a corporation must be adjusted to an after-tax figure because of the 70 percent dividend exclusion provision for corporations holding other corporations' preferred stock.
Answer the following statement true (T) or false (F)
False
The dividend associated with preferred stock is constant, and that preferred stock has no stated maturity. To determine the component cost of preferred stock, we adjust the current market price to reflect the fact that the firm incurs costs when it issues preferred stock to raise funds. See 11-1: Component Costs of Capital
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Explain the difference(s) between internal and external consistency.
What will be an ideal response?
Followers with external locus of control believe ______.
A. that fate is in charge of life’s events B. that they are in charge of life’s events C. that interactions with others control life’s events D. that personal relationships control life’s events
Bennett has been so successful at his Fortune 500 company that he decides to start his own business. What does Bennett need to do first for his strategic planning process?
a. develop the mission b. analyze the environment c. set objectives d. develop strategies
John was driving home one night in a terrible snow storm when his car stalled. He managed to push the car onto a small shopping center's parking lot. The next day about noon he came to get the car and it had been towed away by the owner of the parking lot. The owner explained she had to remove the car to clean the snow off her lot and told John where the car had been towed. Which statement is
correct? a. The owner of the parking lot is liable for conversion. She took John's car without his consent. b. The parking lot owner has a absolute privilege for towing the car since it was a business necessity. c. Even though John left his car in the parking lot under emergency conditions, he still committed a trespass on the owner's property. d. All the above are correct.