) payiment OTncOime tax D) payment of interest Question 8 (1 point) Corporation X needs...
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) payiment OTncOime tax D) payment of interest Question 8 (1 point) Corporation X needs $1,000,000 and can raise this through debt at an annual rate of 6 percent, or preferred stock at an annual cost of 8 percent. If the corporation has a 21 percent tax rate, the after-tax cost of each is A) debt: $60,000; preferred stock: $80,000 B) debt: $47.400: preferred stock: $63,200 C) debt: $47.400: preferred stock: $80,000 D) debt: $60,000; preferred stock: $63,200 Question 9 (1 point) Saved The term red herring refers to A) the fact that most firms conducting an IPO are losing money, also known as running red ink B) a firm that is conducting an IPO without fully complying with all government 0 6
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