Afirm has common stock with a market price of $100 per share and an expected dividend of $5.61 per share at the end of the coming year. a new issue of stock is expected to be sold for $98, with $2 per share representing the underpricing necessary in the competitive capital market. flotation costs are expected to total $1 per share. the dividends paid on the outstanding stock over the past five years are as follows:

yeardividend

1$ 4.00

24.28

34.58

44.90

55.24

the cost of this new issue of common stock is

a) 5.8 percent.

b) 7.7 percent.

c) 10.8 percent.

d) 12.8 percent.

Acompany's income statement showed the following: net income, $145,000 and depreciation expense, $36,300. an examination of the company's current assets and current liabilities showed the following changes as a result of operating activities: accounts receivable decreased $11,500; merchandise inventory increased $22,200; and accounts payable increased $5,500. calculate the net cash provided or used by operating activities. $209,500 $139,000 $176,100 $186,500 $142,100

Which of the following is not a consideration when determining your asset allocation

Richardson hired j.c. flood company, a plumbing contractor, to correct a stoppage in the sewer line of her house. the plumbing company's 'snake' device, used to clear the line leading to the main sewer, became caught in the underground line. to release it, the company excavated a portion of the sewer line in richardson's backyard. in the process, the company discovered numerous leaks in a rusty, defective water pipe that ran parallel with the sewer line. to meet public regulations, the water pipe, of a type no longer approved for such service, had to be replaced either then or later, when the yard would have to be excavated again. the plumbing company proceeded to repair the water pipe. though richardson inspected the company's work daily and did not express any objection to the extra work involved in replacing the water pipe, she refused to pay any part of the total bill after the company completed the entire operation. j.c. flood company then sued richardson for the costs of labor and material it had furnished. (c) for what, if anything, should richardson be liable? explain."