Answer:
c. 11.70 percent
Explanation:
The computation of the cost of preferred stock is shown below:
= Annual dividend ÷ Sale price of preferred stock × (1 - flotation cost)
= $9.35 ÷ $85 × (1 - 6%)
= $9.35 ÷ $79.9
= 11.70%
We ignored the marginal tax rate i.e 30%. In the case of preferred stock, the flotation cost would be deducted. We consider all the things that are given in the question
Is the 3 % an annual rate or monthly rate? Whats the initial amount deposited?
Then I can better help answer your question.
The stage in a work-unit activity analysis that focuses on the product, information, or service provided is the output phase, This is further explained below.
<h3>What is the output phase?</h3>
Generally, the output phase is simply defined as manufacturing or output in general.
In conclusion, The final deliverable is defined. The method of measuring the output is investigated.
Read more about the output phase,
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