Kresler Autos has preferred shares outstanding that pay annual dividends of $12, and the current price of
Question:
Kresler Autos has preferred shares outstanding that pay annual dividends of $12, and the current price of the shares is $80. What is the after-tax cost of new preferred shares for Kresler if the flotation (issuance) costs for preferred are 5 percent?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 50% (16 reviews)
Kresler will only receive 95 percent of the proceeds ...View the full answer
Answered By
Nicole omwa
Being a highly skilled tutor with at least 5 years of tutoring experience in different areas, I learned how to help diverse learners in writing drafts of research papers, actual research papers and locate credible sources. My assurance is built upon my varied knowledge of a variety of subjects. Furthermore, my involvement and interaction with numerous learners of all levels has allowed me to understand my clients' specific demands. Ultimately, this has aided me in being a better coach to learners to better their grades. Essentially, my responsibilities as a tutor would include:
Teaching abilities that assist pupils in enhancing their academic performance
Personal interaction with learners to make them understand abstract concepts
Inducing new skills and knowledge into their academic journeys
Fostering individual reflection, and independent and critical thinking
Editing and proofreading
Because I am constantly available to respond to your queries, you may decide to rely on me whenever you require my assistance. As an assurance, my knowledge skills and expertise enable me to quickly assist learners with different academic challenges in areas with difficulty in understanding. Ultimately, I believe that I am a reliable tutor concerned about my learner's needs and interests to solve their urgent projects. My purpose is always to assist them in comprehending abstract schoolwork and mastering their subjects. I also understand that plagiarism is a severe offense and has serious ramifications. Owing to this, I always make it a point to educate learners on the numerous strategies to have uniquely unique solutions. I am familiar with the following formatting styles:
MLA
APA
Harvard
Chicago
IEEE
Communication is always the key in every interaction with my learners. Hence, I provide timely communication about the progress of assigned projects. As a result, I make sure that I maintain excellent communication with all of my clients. I can engage with all of my customers more effectively, assisting them with their unique academic demands. Furthermore, I attempt to establish a solid working relationship with my leaners I have exceptional abilities in the below areas;
Sociology
History
Nursing
Psychology
Literature
Health and Medicine
Chemistry
Biology
Management
Marketing
Business
Earth Science
Environmental Studies
Education
Being a teacher who aces in diverse fields, I provide various academic tasks, which include;
Academic Reports
Movie Reviews
Literature Reviews
Annotated bibliographies
Lab reports
Discussion posts
Dissertations
Case study analyses
Research proposals
Argumentative Essays
I guarantee you high-quality Papers!!!!!
5.00+
17+ Reviews
32+ Question Solved
Related Book For
Fundamentals of corporate finance
ISBN: 978-0470876442
2nd Edition
Authors: Robert Parrino, David S. Kidwell, Thomas W. Bates
Question Posted:
Students also viewed these Corporate Finance questions
-
The Quaid Brothers Corporation has preferred shares outstanding that pay an annual dividend of $12. Each has a price of $108. What is the required rate of return (yield) on the preferred stock?
-
B2Y Solutions has preferred shares outstanding that pay an annual dividend of $3, payable quarterly. Each has a price of $75.00. What is the required rate of return (yield) on the preferred stock?
-
Fjord Luxury Liners has preferred shares outstanding that pay an annual dividend equal to $15 per year. If the current price of Fjord preferred shares is $107.14, what is the after-tax cost of...
-
What effect does a weakening in U.S dollar have on Net Income for subsidiaries of U.S companies?
-
Refer to Exercise 9-33. Orlando, the manager of the New York unit, is unhappy with the results of the controller's study. He asks the controller to develop separate rates for fixed and variable costs...
-
In Exercises a differential equation, a point, and a slope field are given. (a) Sketch two approximate solutions of the differential equation on the slope field, one of which passes through the given...
-
What sort of marketing mix should Cato Lifts adopt if they wish to sell to: (a) non-commercial buyers? (b) international buyers?
-
Ford 10-K a. What are the key revenue cycle accounts for Ford? What accounts involve critical accounting estimates? b. What does Ford say in Footnote 2 about its use of accounting estimates? What...
-
If hydraulic conductivity is 0.004 ft/s, porosity is 0.3 and they hydraulic gradient is 0.01. What is the average linear groundwater velocity in m/year?
-
The database Airfares.xlsx contains information on the air- fare on 638 routes in the United States. In addition, it contains data on the length of the route, the average income in the starting and...
-
Two-Stage Rocket paid an annual dividend of $1.25 yesterday, and it is commonly known that the firms management expects to increase its dividend by 8 percent for the next two years and by 2 percent...
-
Describe the alternatives to using a firms WACC as a discount rate when evaluating a project.
-
How are the views of each of the individuals presented in this chapter reflective of the culture and historical time period in which they lived?
-
How has the Affordable Care Act brought more people into coverage? Is this trend likely to continue? Explain why or why not?
-
Describe a time when you witnessed or experienced cultural incompetence in the delivery of health care. Knowing what you now know, what do you think could have been done to avoid that incident?
-
What factors make it difficult to provide health care coverage for everyone in the U.S.?
-
Describe how you would put in place initiatives for cultural proficiency at an inner city pediatric clinic.
-
Discuss the different types of health care coverage/health insurance that are provided to military personnel and their dependents.
-
Explain the role structural and personal factors play in causing conflict in organizations.
-
Portal Manufacturing has total fixed costs of $520,000. A unit of product sells for $15 and variable costs per unit are $11. a). Prepare a contribution margin income statement showing predicted net...
-
Obtain off L (T3 + sin 2T)dr 0
-
Skillet Industries has a debtequity ratio of 1.5. Its WACC is 9 percent, and its cost of debt is 5.5 percent. The corporate tax rate is 35 percent. a. What is the companys cost of equity capital? b....
-
Chandeliers Corp. has no debt but can borrow at 6.1 percent. The firms WACC is currently 9.5 percent, and the tax rate is 35 percent. a. What is the companys cost of equity? b. If the firm converts...
-
OConnell & Co. expects its EBIT to be $74,000 every year forever. The firm can borrow at 7 percent. OConnell currently has no debt, and its cost of equity is 12 percent. If the tax rate is 35...
-
Explain the concept of Remote Procedure Call (RPC) in IPC? How does it differ from traditional local IPC mechanisms, and what are its advantages in distributed systems?
-
Suppose we use the conventional grade point equivalent given in the following table. GPA Point Table Letter Grade point equivalent grade A 4 B 3 C 2 D 1 F 0 What is Amy's GPA at the end of the...
-
Consider the function y = log(x). A. What is the value of logs(3)?. B. What is the value of log(9)?, 8 C. What is the x-intercept of y = log(x)?. Why? 4 D. Use your answers to help sketch the graph...
Study smarter with the SolutionInn App