The market rewards firms that adopt a constant dividend payout policy rather than a fixed or increasing level of dividends through higher share prices

A sales manager at Guilden Corporation, a manufacturer of consumer durable goods, has instructed his new salesperson, Rita, to sell five flat screen televisions per week. In addition to this, she is also expected to identify ten potential customers

These instructions given to Rita are referred to as _____. a. referrals b. sales leads c. quotas d. touch points

Toombes, Inc is issuing new common stock at a market price of $55. Dividends last year were $3.30 per share

and are expected to grow at a rate of 6%. Flotation costs will be 5% of the market price. What is Toombes' cost of retained earnings, and new equity, respectively?