Travis Industries plans to issue perpetual preferred stock with an $11.00 dividend. The stock is currently selling for $92.50, but flotation costs will be 8% of the market price, so the net price will be $85.10 per share. What is the cost of the preferred stock, including flotation

Peter, the marketing manager of a company that manufactures church furniture, has been given the job of increasing corporate profits by five percent during the upcoming year. peter decided to give his assistant the full responsibility and authority for developing a mailing campaign to target churches in an entire state. in other words, peter has