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 goal in marketing is to ____.
vaieri [72.5K]
The answer you are looking for is C. meet the needs and wants of the customer.
6 0
4 years ago
Which is a disadvantage of having a traditional economy?
saul85 [17]
The best and most correct answer among the choices provided by your question is the second choice or letter B. A lower standard of living one of the disadvantages of having a traditional economy.

Traditional economy is an original economic system in which traditions, customs, and beliefs shape the goods and the services the economy produces, as well as the rules and manner of their distribution. Countries that use this type of economic<span> system are often rural and farm-based.
</span>

I hope my answer has come to your help. Thank you for posting your question here in Brainly.



7 0
3 years ago
Read 2 more answers
The Fabricating Department started the current month with a beginning Work in Process inventory of $10,000. During the month, it
Natalka [10]

Answer:

$13,000

Explanation:

Calculation for what The ending balance of the Work in Process Inventory account for the Fabricating Department is:

Beginning Balance 10,000

Add Direct Materials 76,000

Add Direct Labor 24,000

Add Factory Overheads 12,000

(50% *24,000)

Less Work Transferred (109,000)

Ending Balance $13,000

Therefore The ending balance of the Work in Process Inventory account for the Fabricating Department is:$13,000

6 0
3 years ago
Nicholas bought land from Meredith for $150,000. Nicholas paid $50,000 cash and gave Meredith an 8% note for $100,000. The note
Tom [10]

Answer:

C. Nicholas is not required to recognize gross income, but must reduce his cost basis in the land to $130,000

Explanation:

3 0
3 years ago
Carla has $10,000 that she would like to save for retirement.
coldgirl [10]

Answer:

higher, stocks, flunctuates, risk, bonds, interest

Explanation:

The chosen responses are the best from the options provided. First, to earn a higher long-term rate of return, stocks offer a higher interest rate than bonds and the reason being that they are riskier.

Stocks belong to the owners of an organisation and as such, they are only entitled to interest after the interests of bond owners and preference stock holders have been settled. Meaning, despite the higher rates of interest offered, it is riskier to be a stock holder than a bond holder

Bond on the other hand, are not equity or company ownership units, they represent debts that the company must pay fixed interest rates on. Although we have the convertible to stock and the non-convertible bonds. However, bonds may be safer due to the fixed interest rates that must be paid but interests are lesser than stocks and irrespective of a company's profitability, a bond holder is only entitled to the fixed interest rate unlike the stock holder who enjoys higher dividends as a result of improved profitability.

4 0
3 years ago
Other questions:
  • Which of these arrangements allows one to bypass insurable interest laws
    11·1 answer
  • Imagine that you have invented a new snack food product and would like to market it to college students. What are some of the ad
    5·1 answer
  • List and briefly describe the 6 major processes involved in risk management.
    15·1 answer
  • Ethisphere is a socially conscious research organization that analyzes and reports on corporate social responsibility efforts. T
    13·1 answer
  • Unsystematic Risk:a. can be effectively eliminated by portfolio diversificationb. is compensated for the risk premiumc. is measu
    13·1 answer
  • A beekeeper lives adjacent to an apple orchard. The orchard owner benefits from the bees because each hive pollinates about one
    13·1 answer
  • Status
    15·1 answer
  • LO 2.1Identify the three primary classifications of businesses and explain the differences among the three.
    7·1 answer
  • AFW Industries has 214 million shares outstanding and expects earnings at the end of this year of $ 723 million. AFW plans to pa
    7·1 answer
  • You're buying a new car and the bank says they'll loan you the required balance of the $30,000 price if you'll put down $3,000.
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!