The preferred stock of Dallas Platinum Exchange has a par value of $76 and pays a 6% dividend rate per year. You calculated a beta of 0.99 for the stock. The risk-free rate is 2.50% and the market return is 9.2%. Assuming that CAPM holds, what is the intrinsic value of this preferred stock

On june 3, teal company sold to chester company merchandise having a sale price of $2,600 with terms of 2/10, n/60, f.o.b. shipping point. an invoice totaling $91, terms n/30, was received by chester on june 8 from john booth transport service for the freight cost. on june 12, the company received a check for the balance due from chester company. prepare journal entries on the teal company books to record all the events noted above under each of the following bases. (1) sales and receivables are entered at gross selling price. (2) sales and receivables are entered at net of cash discounts.