A $1,000 par bond is currently selling for $1,100. It has a 9% coupon rate, fifteen years remaining to maturity, and pays interest semi-annually. If the firm's tax rate is 35%, what is the after-tax cost of debt?

The declaration of dividends is a cash outflow that the company reports as a financing activity.

a. true b. false

J. Crew offering an easy "how to measure" chart is an example of a website using which type of incentive to encourage online purchases?

A) financial B) convenience C) value-added D) cyberbait