Preferred stock valuation jones design wishes to estimate the value of its outstanding preferred stock. the preferred issue has a par value of $100 and pays an annual dividend of $5.40 per share. similar-risk preferred stocks are currently earning an annual rate of return of 10.4%.

a) what is the market value of the outstanding preferred stock?
b) if an investor purchases the preferred stock at the value calculated in part a, how much does she gain or lose per share if she sells the stock when the required return on similar-risk preferred stocks has risen to 12.2%?

Dozier company produced and sold 1,000 units during its first month of operations. it reported the following costs and expenses for the month: direct materials $ 69,000 direct labor $ 35,000 variable manufacturing overhead $ 15,000 fixed manufacturing overhead 28,000 total manufacturing overhead $ 43,000 variable selling expense $ 12,000 fixed selling expense 18,000 total selling expense $ 30,000 variable administrative expense $ 4,000 fixed administrative expense 25,000 total administrative expense $ 29,000 required: 1. with respect to cost classifications for preparing financial statements: a. what is the total product cost