The theoretical floor value for a convertible bond is its Multiple Choice conversion value. pure bond value. () conversion price. () par value. A firm purchases an asset falling into the 3-year MACRS category for $48,000. The second year's depreciation expense for this asset would be Multiple Choice The answer cannot be determined without knowing second-year earnings before depreciation and taxes. $21,360 O $16,000 O $34.710 The after-tax cost of preferred stock to the issuing corporation Multiple Choice is the same as the before-tax cost. is usually lower than the cost of debt. is dependent on the firm's tax bracket. these options are true