The 10.3 percent preferred stock of Avogadro Numerics is selling for $50 a share. What is the firm's cost of preferred stock if the tax rate is 39.1 percent and the par value per share is $100?

The Poisson Distributors has a cost of equity of 15 percent and a pre-tax cost of debt of 8.7 percent. The firm's target weighted average cost of capital is 11.3 percent and its tax rate is 28.1 percent. What is the firm's target debt-equity ratio

Heisenberg's Casinos would like to issue new equity shares if its cost of equity declines to 9.2 percent. The company pays a constant annual dividend of $1.86 a share. What does the market price of the stock need to be for the firm to issue the new shares?