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Author Question: Tangshan Mining is considering issuing preferred stock. The preferred stock would have a par value ... (Read 169 times)

bucstennis@aim.com

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on: Jul 11, 2018
Tangshan Mining is considering issuing preferred stock. The preferred stock would have a par value of 75 and a 5.50 percent dividend. What is the cost of preferred stock for Tangshan if flotation costs would amount to 5.5 percent of par value?
 
  A) 5.50
  B) 5.27
  C) 7.73
  D) 5.82

Question 2

________ ratio measures the proportion of total assets financed by the firm's creditors.
 
  A) Total asset turnover
  B) Inventory turnover
  C) Current
  D) Debt


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nmyers

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Reply #1 on: Jul 11, 2018
Answer to Question 1

D

Answer to Question 2

D


bucstennis@aim.com

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Reply #2 on: Jul 11, 2018
TY


nmyers

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Reply #3 on: Jul 11, 2018
Happy to Help


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