Ningbo Shipping has issued preferred stock at its $125 per share par value. The stock will pay a $15 annual dividend. The cost of issuing and selling the stock was $4 per share. The cost of Ningbo Shipping preferred stock is:

The cost of Ningbo Shipping Preferred stock is 12.40%

Step-by-step explanation:

In this question, we are asked to calculate the cost of Ningbo shipping Preferred stock.

To calculate this, we make use of the following mathematical relation;

The cost preferred stock Kp = Annual dividends/ Issued price-Cost of Issuing

From the question, we identify the following;

Issued price = $125

Annual dividend = $15

Cost of Issuing = $4

Inserting these into the formula we have;

Kp = $15/$125 - $4 = 12.40%

This means that Cost of Ningbo shipping preferred stock is 12.40%

the area of the rectangle is 35units^2.

step-by-step explanation:

graph it and find the distance.

it is a 5*7 rectangle.

therefore the area is 35units^2.

irst, find the z score of a score of 80. this is given by the formula z = (x-u)/o, where x is the score, u is the mean, and o is the standard deviation. this gives

z = (80-78)/12 = 1/6 = .1667

now, find what percentile a z score of 1/6 correlates to in the normal distribution.

a z score of 1/6 = .1667 is equivalent to the 56.36th percentile of the distribution. so the probability a score is over this is 1-.5636 = .4364

the mean of a sample mean is equal to the original mean. however, the standard deviation of a sample mean is equal to the original standard deviation divided by the square root of n (sample size). so the new standard deviation is 12/sqrt(16) = 3.

the new z score is 80-78/3 = 2/3 = .667. this is equivalent to the 74.86th percentile. so the probability that the mean will be greater than this score is 1-.7486 = .2514.