Tempo corp. will issue preferred stock to finance a new artillery line. the firm's existing preferred stock pays a dividend of $4.00 per share and is selling for $40 per share. investment bankers have advised tempo that flotation costs on the new preferred issue would be 5% of the selling price. tempo's marginal tax rate is 30%. what is the relevant cost of new preferred stock? a) 7.00%b) 7.37%c) 10.00%d) 10.53%e) 15.00%

Question 55 ted, a supervisor for jack's pool supplies, was accused of stealing pool supplies and selling them to friends and relatives at reduced prices. given ted's earlier track record, he was not fired immediately. the authorities decided to give him an administrative leave, without pay, until the investigation was complete. in view of the given information, it would be most appropriate to say that ted was: demoted. discharged. suspended. dismissed.