The cost of preferred stock is equivalent to the:

Catering by Thomas has average daily credit sales of $2,560, an inventory period of 12 days, and a collection period of 23 days. What is the average accounts receivable balance?

A stock will have a loss of 12.6 percent in a recession, a return of 11.3 percent in a normal economy, and a return of 26 percent in a boom. There is 23 percent probability of a recession, 46 percent probability of normal economy, and 31 percent probability of boom. What is the standard deviation of the stock’s returns?

The degree of operating leverage is equal to:

Sung Office Products just announced it is decreasing its annual dividend from $2.20 per share to $1.85 per share effective immediately. If the dividend yield remains at its pre-announcement level, then you know the stock price:

Assume all else held constant. If you pay your suppliers three days sooner, then:

A firm with a flexible short-term financial policy will:

A project with an initial investment of $448,100 will generate equal annual cash flows over its 9-year life. The project has a required return of 8.8 percent. What is the minimum annual cash flow required to accept the project?

Cori’s Dog House is considering the installation of a new computerized pressure cooker for hot dogs. The cooker will increase sales by $8,600 per year and will cut annual operating costs by $14,700. The system will cost $50,400 to purchase and install. This system is expected to have a 7-year life and will be depreciated to zero using straight-line depreciation and have no salvage value. The tax rate is 21 percent and the required return is 12.2 percent. What is the NPV of purchasing the pressure cooker?

A stock had returns of 17.43 percent, −4.89 percent, and 20.12 percent for the past three years. What is the variance of the returns?