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%

Which job role belongs in the middle management level? a. president b. chief executive officer c. department manager d. chief operating officer e. vice president

Which of the following best explains how the invention of money affected the barter system? a. the invention of money supplemented the barter system by providing a nonperishable medium of exchange b. the invention of money completely replaced the barter system with a free-market system c. the invention of money had no effect on the barter system d. the invention of money drastically reduced the value of goods used in the barter system 2b2t

Which of the following is not an example of one of the four mail advantages of prices on a free market economy