This legislation is called the Fair Labor Standards Act.
This act gives rights to United States workers. Among these rights are child labor laws, the requirement of employers to pay overtime to workers who work over 40 hours per week and also sets a minimum wage that must be paid to employees.
Answer:
e. 10.77 percent
Explanation:
The computation of the cost of preferred stock is shown below:
Cost of preferred stock = Annual dividend paid ÷ Price of preferred stock per share
= 0.07 × $100 ÷ $65
= 10.77%
Simply we divide the annual dividend after considering the par value per share by the price of preferred stock per share so that the correct cost of preferred stock can be computed
SLPS trade securities on their own behalf (not for someone else).
