When the perceived benefits are greater than the amount that a customer paid for the goods or services, the customer would considered that he or she received a great:

Comparing a credit card with a debit card indicates that

A) they are identical except that debt card can be used in more places. B) they are identical except some lenders prefer the name "debit card" over "credit card." C) debit cards charge higher rates of interest. D) consumer protection with a credit card is stronger than it is with a debit card.

A company has preferred stock with a current market price of $18 per share. The preferred stock

pays an annual dividend of 4% based on a par value of $100. Flotation costs associated with the sale of preferred stock equal $1.50 per share. The company's marginal tax rate is 40%. Therefore, the cost of preferred stock is A) 28.80%. B) 24.24%. C) 14.55%. D) 22.22%.