A firm is paying an annual dividend of $9.00 for its preferred stock which is selling for $69.00. There is a selling cost of $2.00. What is the after-tax cost of preferred stock if the firm's tax rate is 31%?

"in my opinion, we ought to stop making our own drums and accept that outside supplier's offer," said wim niewindt, managing director of antilles refining, n.v., of aruba. "at a price of $21 per drum, we would be paying $4.70 less than it costs us to manufacture the drums in our own plant. since we use 70,000 drums a year, that would be an annual cost savings of $329,000." antilles refining's current cost to manufacture one drum is given below (based on 70,000 drums per year):

Taking commercial paper means the holder acts honestly

When making broccoli cream soup, the broccoli and aromatics should be a. burned. b. simmered. c. puréed. d. sweated.