Suppose a company will issue new 20-year debt with a par value of $1,000 and a coupon rate of 8%, paid annually. the issue price will be $1,000. the tax rate is 35%. if the flotation cost is 2% of the issue proceeds, then what is the after-tax cost of debt? disregard the tax shield from the amortization of flotation costs. round your answer to two decimal places. % what if the flotation costs were 11% of the bond issue? round your answer to two decimal places. %

Select the correct answer. joshua runs a large manufacturing business that is listed on the stock exchange. his company made good profits in the previous financial year. he now plans to reward his shareholders with handsome dividends. under which category of activities in the cash flow statement would the company’s accountants place this outflow of cash? a. investing activities b. operating activities c. financing activities d. non-operating activities

10. which of the following is true regarding preretirement inflation? a. defined-benefit plans provide more inflation protection than defined-contribution plans. b. because of preretirement inflation, possible investment-related growth is increased for defined-contribution plans. c. all types of benefits are designed to cope with preretirement inflation. d. preretirement inflation is generally reflected in the increase in an employee's compensation level over a working career.

> > objectives define federalism and explain why the framers adopted a federal system instead of a unitary system. categorize powers delegated to and denied to the national government, and powers reserved for and denied to the states, and the difference between exclusive and concurrent powers.