Answer:
7.73%
Explanation:
The computation of the cost of preferred stock is shown below:
As we know that
Cost of preferred stock = {Annual dividend ÷ (price - flotation cost)} × 100
where,
Annual dividend = 6.0% × $100 = $6
Flotation cost = $80 × 0.03 = $2.4
And, the price is $80
So, the cost of preferred stock is
={$6 ÷ ($80 - $2.4)} × 100
= ($6 ÷ 77.6) × 100
= 7.73%
We simply applied the above formula
Answer:
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Answer:
You have to read all the paperwork. Find the interest rate for the following purchase. To finance a new laptop, Emilie is offered a 4 year payment plan with low monthly payments of $34.40. The cost of the laptop was $884.15 including tax. Round to one decimal place, if necessary. The interest rate is
Commercial stock market international service
Answer:
cash income paid to a day laborer that is not reported to the tax authorities
Explanation:
GDP stands for Gross domestic product. It is the monetary value of all finished goods and services made within a country during a specific period.
It is calculated as GDP = private consumption + gross investment + government investment + government spending + (exports – imports).
Hence, cash income paid to a day laborer that is not reported to the tax authorities will not be included in GDP