"Defendant" is spelled correctly
Indicate whether the statement is true or false.
T
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Which of the following actions is required to ensure the validity of a contract between a corporation and a director of the corporation?
A. An independent appraiser must render to the board of directors a fairness opinion on the contract. B. The director must disclose the interest to the independent members of the board and refrain from voting. C. The shareholders must review and ratify the contract. D. The director must resign from the board of directors.
A firm has $3 million market value and it sells preferred stock with a par value of $100. If the coupon rate on the preferred stock is 8% and the preferred stock trades at $92, what is the cost of preferred stock capital?
A) 8.26% B) 8.70% C) 9.13% D) 9.57%