1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
atroni [7]
3 years ago
9

Torch Industries can issue perpetual preferred stock at a price of $71.00 a share. The stock would pay a constant annual dividen

d of $6.50 a share. What is the company's cost of preferred stock, rp? Round your answer to two decimal places.
Business
1 answer:
kodGreya [7K]3 years ago
6 0

Answer:

the company's cost of preferred stock, rp is = 9.15%

Explanation:

step 1. Consider the following formula.

Cost of preferred stock = annual dividend / Price *100

Step 2. Set the values of the variables.

= $ 6.5/$ 71*100

step 3. Solve.

= 9.15%

Answer : 9.15 %

You might be interested in
The Foundational 15 [LO10-1, LO10-2] [The following information applies to the questions displayed below.] Westerville Company r
Degger [83]

Answer:

Margin = 1%

Explanation:

To calculate the margin related to these year investment opportunity, we use the following method.

Margin = net operating income/ sales

Margin = $460,000/ $ 460,000

Margin = 1%

8 0
3 years ago
Alec just received his Florida broker license. Assuming the Real Estate Recovery Fund balance is at $400,000, how much of his li
Ratling [72]

The amount of Alec's license fee that went into the Real Estate Recovery Fund, which just received his Florida broker license, is <u>$3.50.</u>

<h3>
What is the real estate license fee?</h3>

The real estate license fee in Florida costs $83.75.  This amount is paid to the Florida Real Estate Commission (FREC).

FREC is the government office regulating real estate education and licensure in Florida.  FREC is under the supervision of the Florida Department of Business and Professional Regulation (DBPR).

License fees of $3.50 are imposed as soon as the Real Estate Recovery Fund drops below $500,000.

Thus, the amount of Alec's license fee that went into the Real Estate Recovery Fund, which just received his Florida broker license, is <u>$3.50.</u>

Learn more about real estate license fees at brainly.com/question/26067240

8 0
2 years ago
______ are typically a function of the performance of the organization and are less dependent on the perceived performance of th
iragen [17]

Answer:

A. Bonuses

Explanation:

A bonus is a type of compensatory amount given to the employees as a form of appreciation. The performance of the employees are considered and the bonus is provided to them based on their contribution. These are mainly provided on special occasions, especially when a sound revenue is generated in the company. Giving a bonus to the employees helps in building a bond among the employee and the company.

7 0
3 years ago
a mature manufacturing firm. The company just paid a dividend of $8.65, but management expects to reduce the payout by 5 percent
-BARSIC- [3]

Answer:

$48.34%

Explanation:

Data provided in the question

Growth rate = 5%

Required return = 12%

Dividend = $8.65

Based on the above information,

The computation of the current price is shown below:-

Current Price = Dividend × (1 + Growth Rate) ÷ (Required Return - Growth Rate)

= $8.65 × (1 + (-5%)) ÷ (12% - (-5%))

= $48.34%

Therefore for computing the current price we simply applied the above formula.

4 0
3 years ago
Which expense contributes to a business’s semi-variable cost?
motikmotik

for Plato the correct answer is D. overtime (wages) paid to workers :)

6 0
3 years ago
Other questions:
  • When Paul arrived at work in the morning, he promised his co-workers that he would buy dinner for all of them that evening. He m
    10·1 answer
  • As a manager of XYZ Company, you are assigned to resolve a conflict between two departments in your organization, Department A a
    8·1 answer
  • Zhou owns a nonrental business with two separate departments. Department A generates net income of $70,000, and Department B gen
    13·1 answer
  • Take It All Away has a cost of equity of 11.17 percent, a pretax cost of debt of 5.32 percent, and a tax rate of 40 percent. The
    5·1 answer
  • Unearned Rent Revenue is
    10·1 answer
  • The Abrams, Bartle, and Creighton partnership began the process of liquidation with the following balance sheet: Picture Abrams,
    9·1 answer
  • Product recall is an example of: Select one: a. prevention costs b. appraisal costs c. internal failure costs d. external failur
    12·1 answer
  • Pharma Company produces various medicines in capsule form. At the beginning of the month of March, it had 5,000 units that were
    14·1 answer
  • Thomas hudson recently coordinated a fund-raising project for an organization that assists homeless youth. this would most likel
    6·1 answer
  • when the fed buys government bonds, group of answer choices the money supply decreases and the federal funds rate decreases. the
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!