WOW Corporation has the following shares issued and outstanding in December 2020:

Common stock, $ 2 par, 100,000 shares issued and outstanding

Cumulative Preferred stock, $ 100 par, 5%, 10,000 shares issued and outstanding.

All shares were issued and outstanding since 1/1/2018.

In the year 2018, WOW declared and paid $ 30,000 as cash dividends. In the year 2019, no dividends were declared. In December 2020, the Company declared $ 220,000 as cash dividends.

Required: How much dividends will common shareholders get?

(Note: write your answer as a number only, with No dollar signs or commas)

Answer:

Question 29

Fly Corporation issued a $ 5,000,000, 8%, 6 years convertible bonds on 1/1/2020. The bonds were issued at 96, and pay interest semiannually, on July 1, and January 1 of every year.

Required: Calculate the total financing (borrowing) cost for the company.

(Note: write your answer as a number only, with No dollar signs or commas)

Answer:

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