You are considering an investment in roxie's bed & breakfast corp. during the last year, the firm's income statement listed an addition to retained earnings of $16.20 million and common stock dividends of $1.30 million. roxie's year-end balance sheet shows common stockholders' equity of $55.9 million with 19 million shares of common stock outstanding. the common stock's market price per share was $8.10 what is roxie's bed & breakfast's book value per share?

Carey company is borrowing $225,000 for one year at 9.5 percent from second intrastate bank. the bank requires a 15 percent compensating balance. the principal refers to funds the firm can effectively utilize (amount borrowed − compensating balance). a. what is the effective rate of interest? (use a 360-day year. input your answer as a percent rounded to 2 decimal places.) b. what would the effective rate be if carey were required to make 12 equal monthly payments to retire the loan?