On April 1, Al Nextbestplayerinbaseball, sends a letter to the New York Yankees offering to play for them for $500,000.00 per season for the first 3 seasons. The offer states that the team has to accept the offer by April 11th. It does not specify any particular mode or method of accepting. The Yankees receive the offer by regular mail on April 4. On April 10, the Yankees send Al an acceptance by U. S. mail. Al receives the acceptance on April 15th. The likely result under the mailbox rule is:

If a firm plans to issue new stock, flotation costs (investment bankers' fees) should not be ignored. there are two approaches to use to account for flotation costs. the first approach is to add the sum of flotation costs for the debt, preferred, and common stock and add them to the initial investment cost. because the investment cost is increased, the project's expected return is reduced so it may not meet the firm's hurdle rate for acceptance of the project. the second approach involves adjusting the cost of common equity as follows: . the difference between the flotation-adjusted cost of equity and the cost of equity calculated without the flotation adjustment represents the flotation cost adjustment. quantitative problem: barton industries expects next year's annual dividend, d1, to be $1.90 and it expects dividends to grow at a constant rate g = 4.3%. the firm's current common stock price, p0, is $22.00. if it needs to issue new common stock, the firm will encounter a 6% flotation cost, f. assume that the cost of equity calculated without the flotation adjustment is 12% and the cost of old common equity is 11.5%. what is the flotation cost adjustment that must be added to its cost of retaine

The simple interest in a loan of $200 at 10 percent interest per year is

Jewelry manufacturers produce a range of products such as rings, necklaces, bracelets, and brooches. what fundamental economic question are they addressing by offering this range of items?