Since there are seven days in a week, there is a 14% chance that a meeting will be held on a Monday. This is an application of the ________ definition of probability

According to generally accepted practices, an escrow agent is authorized to:

A: Give the buyers advice about the best financing which is available; B: Change the escrow instructions when asked to by the listing broker; C: Call for funding of the buyer's loan; D: Authorize a pest control company to make corrective repairs.

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%.