1. Pets Store Inc. sells on terms of 3/10, net 65. What is the effective annual cost of trade credit under these terms? Use a 365-day year.
2. New company has perpetual preferred stock outstanding that sells for $27.50 a share and pays a dividend of $1.25 at the end of each year. What is the required rate of return?
3. Identify the three main areas of concern in corporate finance (No Plagiarism) 150 words.