Answer:
9.47%
Explanation:
The computation of the cost of preferred stock is shown below:
Cost of preferred stock = Annual coupon ÷ Price of preferred stock per share
where,
Preferred stock sale price = 100 × 95% = $95
And, the annual coupon = 9% × 100 = $9
= $9 ÷ $95
= 9.47%
We assume the par value be 100
Simply we divide the annual coupon by the price of preferred stock per share so that the correct cost of
preferred stock can be computed
Answer:
2) the demand for cigarettes was inelastic in the short run, but elastic in the long run.
Explanation:
Elasticity of demand measures the responsiveness of quantity demanded to changes in price.
Demand is inelastic if quantity demanded shows little or no sensitivity to changes in price.
Demand is elastic if a small change in price leads to a greater change in quantity demanded.
If the government taxes cigarettes, they become more expensive. In the short run, consumers do not have enough time to search for suitable substitutes for cigarettes. As a result, they continue purchasing the cigarettes despite the increase in price. Thus, demand is inelastic.
But over time, consumers would be able to find substitutes for cigarettes, as result they would reduce their demand for cigarettes. At this point demand is elastic. As a result of the fall in demand for cigarettes, the revenue the government earns from taxing cigarettes would fall.
I hope my answer helps you
Answer: A outsourcing
Explanation:
Outsourcing is the business practice of employing an outsider to a company to execute a project such as provision of goods and services which is initially being produced by the same company.
The answer to the given question above is option A. Differentiated oligopoly is the market structure that best describes different internet markets. When we say differentiated oligopoly, this is when different markets produce the same product but make a slight difference in order to differ their prices. Hope this helps.
The granting or regulation of licenses, as for professionals.
