6) Portentious Door Company has outstanding corporate debt paying a 5% semiannual coupon, with a current yield to maturity of 6%. If the firm's tax rate is 15%, what is its effective cost of debt? (2 marks)

21) Explain what is meant by a 3:2 stock split. Why might a firm prefer this to a cash dividend? (2 marks)

25)A services firm does all its business in cash only. The firm projects a cash balance of of $4000 in its account after all taxes and costs are paid. The owners plan to invest $7000 and pay a dividend of $1000. How much net new financing is needed? (2 marks)