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    vanessagril's Avatar
    vanessagril Posts: 1, Reputation: 1
    New Member
    		  
    #1

    Mar 18, 2011, 02:52 PM
    Finance Question.
    A corporation has $5,000,000 of 10 percent bonds and $3,000,000 of 12 percent
    Preferred stock outstanding. The firm's financial breakeven (assuming a 40 percent tax rate) is

    A) $860,000 b) $716,000 C) $1,400,000 D)$1,100,000

    Please I need CORRECT answer ASAP. Thx
    smoothy's Avatar
    smoothy Posts: 25,490, Reputation: 2853
    Uber Member
    		  
    #2

    Mar 18, 2011, 03:25 PM

    Here is a novel Concept... how about trying it yourself first. I know it will impact on your texting time but give it a try.

    THe Rules for homework on this ENTIRE site are as follows...





    Read this first: Expectations for the Homework Help board

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    Do not simply retype or paste a question from your book or study material

    We won't do your homework questions for you.
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    If you come up with your own answer and post it for us to critique that is within reason.

    If you have some SPECIFIC questions that you couldn't find or didn't understand, we may help with that.
    But this is your assignment, so show us you have at least attempted to complete it on your own.

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