What is the effective annual rate if bank charges

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Reference no: EM131921532

1. What is the effective annual rate if a bank charges you 9.50 percent compounded quarterly?

A. 9.62 percent

B. 9.68 percent

C. 9.72 percent

D. 9.84 percent

E. 9.91 percent

2. A firm is paying an annual dividend of $8.00 for its preferred stock which is selling for $62.00. There is a selling cost of $3.00. What is the after-tax cost of preferred stock if the firm's tax rate is 38%? (Round your answer to 2 decimal places.)

13.56% 15.71% 12.21% 15.01%

Reference no: EM131921532

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