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QUESTION 16 Najdzionek Company can sell a new issue of preferred stock to investors who require a 14% rate of return. What is the cost
QUESTION 16 Najdzionek Company can sell a new issue of preferred stock to investors who require a 14% rate of return. What is the cost of the new issue if the flotation cost to issue each $100 face value share is 5% of face value? a. 5.00% O b. 14.00% O c. 14.74% d. 9.00% QUESTION 17 If the exchange rate between the US dollar and the euro is USD1.1976 per EUR and the exchange rate between the US dollar and the British pound is USD1.3319 per GBP, what is the exchange rate between the euro and the pound? a. GBP 1.5951 per EUR b.EUR 1.1121 per GBP OC. EUR1.5951 per GBP O d. GBP 1.1121 per EUR QUESTION 18 All else held constant. as a bond selling at a discount approaches its maturity date its price: a. Remains the same. O b. Increases. O c. Can either increase or decrease. d. Decreases
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