Justice,Inc

question 92

Multiple Choice

Justice,Inc.has a capital structure which is based on 30 percent debt,5 percent preferred stock,and 65 percent common stock.The flotation costs are 11 percent for common stock,10 percent for preferred stock,and 7 percent for debt.The corporate tax rate is 37 percent.What is the weighted average flotation cost?

• A)8.97 percent
• B)9.48 percent
• C)9.62 percent
• D)9.75 percent
• E)10.00 percent

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Definitions:

Meeting

An organized event where two or more people gather, either in person or virtually, to discuss and exchange information or ideas.

Contacts

Information such as names, phone numbers, and addresses stored electronically for communication purposes.

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Business Card View is a layout option in contact management or email software that displays contact information in the format of a business card.

Contacts

Information stored about individuals or organizations, typically including names, addresses, phone numbers, and email addresses, used for communication purposes.