The four primary ethical norms include freedom, stability, justice, and ________
A) retribution
B) efficiency
C) collective identity
D) collective conscience
B
Business
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Indicate whether the statement is true or false
Business
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) 10.53% D) 15.00% E) 10.00%
Business