Answer:b. A career is a series of steps or accomplishments working towards a lifelong ambition or goal.
Explanation:
Plan or devotion in life, it is an influence to what you want to do :)
Answer:
8%
Explanation:
Data provided in the question
Current selling price of the preferred stock = $28
Annual dividend = $2 per share
Flotation cost = $3 per share
Firm tax rate = 40%
So by considering the above information, the cost of new preferred stock is
= Annual dividend per share ÷ (Current selling price of the preferred stock - Flotation cost)
= $2 ÷ ($28 - $3)
= $2 ÷ $25
= 8%
We simply applied the above formula so that the cost of preferred stock could arrive
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hope it is helpful to you
Explanation:
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