The following information comes from the 2021 Annual Report to stockholders of Composition Inc. (in thousands): From the Statement of Changes in Shareholders' Equity: Paid-in capital—excess of par Number of Treasury shares Treasury stock amount Retained earnings BALANCES AT December 31, 2019 $ 0 (30,561 ) $ (524,321 ) $ 1,673,382 Net earnings - - - 242,941 Sales of common stock under option plans (5,181 ) 377 10,738 - Cash dividends declared on common stock: $0.5375 per share - - - (68,952 ) Compensation under employee incentive plans (1,802 ) 395 9,408 - Treasury shares exchanged for Acquisitions 139,209 20,449 318,293 - Purchase of shares for treasury - (6,668 ) (122,906 ) - BALANCES AT December 31, 2020 132,226 (16,008 ) (308,788 ) 1,847,371 Net earnings - - - 81,965 Sales of common stock under option plans (3,538 ) 279 7,095 - Cash dividends declared on common stock: $0.5475 per share - - - (72,903 ) Compensation under employee incentive plans (196 ) 366 8,271 - Purchase of shares for treasury - (2,933 ) (48,678 ) - BALANCES AT December 31, 2021 $ 128,492 (18,296 ) $ (342,100 ) $ 1,856,433 From the Statement of Cash Flows: Cash flows from financing activities: 2021 2020 Dividends paid $ 72,244 $ 66,932 Required: What was the fair value of the treasury stock exchanged for asset acquisitions for 2020?

Afirm's before-tax cost of debt, rd, is the interest rate that the firm must pay on debt. because interest is tax deductible, the relevant cost of debt used to calculate a firm's wacc is the cost of debt, rd (1 – t). the cost of debt is used in calculating the wacc because we are interested in maximizing the value of the firm's stock, and the stock price depends on cash flows. it is important to emphasize that the cost of debt is the interest rate on debt, not debt because our primary concern with the cost of capital is its use in capital budgeting decisions. the rate at which the firm has borrowed in the past is because we need to know the cost of capital. for these reasons, the on outstanding debt (which reflects current market conditions) is a better measure of the cost of debt than the . the on the company's -term debt is generally used to calculate the cost of debt because more often than not, the capital is being raised to fund -term projects. quantitative problem: 5 years ago, barton industries issued 25-year noncallable, semiannual bonds with a $1,600 face value and a 8% coupon, semiannual payment ($64 payment every 6 months). the bonds currently sell for $845.87. if the firm's marginal tax rate is 40%, what is the firm's after-tax cost of debt? round your answer to 2 decimal places. do not round intermediate calcu

How did the contribution of the goods producing sector to gdp growth change between 2010 and 2011 a. it fell by 0.3%. b. it fell by 2.3%. c. it rose by 2.3%. d. it rose by 0.6%. the answer is b

Aproduct has a demand of 4000 units per year. ordering cost is $20, and holding cost is $4 per unit per year. the cost-minimizing solution for this product is to order: ? a. 200 units per order. b. all 4000 units at one time. c. every 20 days. d. 10 times per year. e. none of the above