Answer:
6.5%
Step-by-step explanation:
The formular used to calculate the cost of preferred stock is:
= Fixed dividend/Net proceeds
Fixed dividend= $50 × 8/100
= $50×0.08
=$4
Net proceeds= Market price-Flotation costs
= $65-(6/100×$65)
= $65-(0.06×$65)
= $65-3.9
= $61.1
Therefore cost of preferred stock is
= 4/61.1 ×100
= 0.065×100
= 6.5%
Hence the cost of preferred stock is 6.5%
Answer:
if you make the 3.5 equal 7/2
and the 1.40 equal 7/5 its will be more easier
so7/5 × 7/2 its 4.9
sorry guys its not 4.9 i made mistake with 3.25 i was thinking that it was 3.50 any wwy
i have good method too
we can make 3.25 equal 13/4 and 1.40 equal 7/5 the multiply it
we will find 91/20 but we have problem its The 10 dont worry we can take the 10 from the both number and we will get 9.1/2 and We can devide easily now and the answer is 4.55
sorry iam trying so hard to speak engilish well sorry if u cannot understand me big respet for all the students
Answer:
A).
650 + 35w> 825 + 15w
Step-by-step explanation:
Molly already has $650 set aside and adds $35 each week.
Lynn already has $825 set aside but adds only $15 each week
Let the number of weeks Molly's savings exceeds Lynn's savings be x. for Molly's savings= $650 + $35x
For Lynn savings = $825 + $15x
Fot Molly's savings to be greater than Lynn savings,then
$650 + $35x> $825 + $15x
