A company has preferred stock with a current market price of $18 per share. The preferred stock
pays an annual dividend of 4% based on a par value of $100. Flotation costs associated with the sale
of preferred stock equal $1.50 per share.
The company's marginal tax rate is 40%. Therefore, the
cost of preferred stock is
A) 28.80%. B) 24.24%. C) 14.55%. D) 22.22%.
B
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An example of a tangible benefit is
a. increased customer satisfaction b. more current information c. reduced inventories d. faster response to competitor actions
The indirect method of preparing a statement of cash flows
A) is the overwhelming choice of most companies. B) begins with net income in the operating activities section. C) will produce the same net figure as the direct method. D) All of these choices.
Each new iPod product introduction advances the causes of democratizing technology and approachable innovation. iPod, an expert at fostering customer community, has been ranked one of the Breakaway Brands by the brand consultancy Landor Associates
iPod is positioned on ________. A) attributes B) benefits C) variation D) selection E) values
Distinguish between the advantages and disadvantages of virtual teams?
What will be an ideal response?