subject
Business, 23.11.2019 00:31 sara24starling

Palmetto corporation has preferred stock that pays a 9% dividend. if the firm issues new shares, each share will be sold for the $50 par value. flotation costs will be 3 percent of the stock price. the firm's marginal tax rate is 34 percent. what is the firm's cost of preferred stock financing?
a.9.3%
b.9.0%
c.6.1%
d.18.0%
e.18.6%

ansver
Answers: 3

Another question on Business

question
Business, 21.06.2019 22:40
Job a3b was ordered by a customer on september 25. during the month of september, jaycee corporation requisitioned $2,400 of direct materials and used $3,900 of direct labor. the job was not finished by the end of the month, but needed an additional $2,900 of direct materials in october and additional direct labor of $6,400 to finish the job. the company applies overhead at the end of each month at a rate of 100% of the direct labor cost. what is the amount of job costs added to work in process inventory during october?
Answers: 3
question
Business, 22.06.2019 08:30
Which actions can you improve your credit score? (multiple can be selected)having a good credit score should be your prime objective as credit companies analyze your creditworthiness before giving you a loan. there are certain guidelines you can follow to ensure you have a good credit score. always pay your mortgage interest on time. if you are a student, make student loan inquiries before taking any loan. if you have multiple credit cards, manage them judiciously. maintain a healthy balance in your bank account.1. always pay your mortgage interest on time.2. if you are a student, make student loan inquiries before taking any loan.3. if you have multiple credit cards, manage them judiciously.4. maintain a healthy balance in your bank account.
Answers: 1
question
Business, 22.06.2019 13:30
After successfully completing your corporate finance class, you feel the next challenge ahead is to serve on the board of directors of schenkel enterprises. unfortunately, you will be the only person voting for you. the company has 375,000 shares outstanding, and the stock currently sells for $40, if there are four seats in the current election, how much will it cost you to buy a seat?
Answers: 2
question
Business, 22.06.2019 21:30
China white was the black market selling of ivory, in which the profit was redistributed back into the trafficking of heroin.
Answers: 3
You know the right answer?
Palmetto corporation has preferred stock that pays a 9% dividend. if the firm issues new shares, eac...
Questions
question
Chemistry, 11.11.2019 03:31
question
Mathematics, 11.11.2019 03:31
question
Social Studies, 11.11.2019 03:31
question
Mathematics, 11.11.2019 03:31
Questions on the website: 13722363