Burnwood Tech plans to issue some $50 par preferred stock with a 8% dividend. A similar stock is selling on the market for $65. Burnwood must pay flotation costs of 6% of the issue price. What is the cost of the preferred stock? Round your answer to two decimal places.

If your score on your next statistics test is converted to a z score, which of these z scores would you prefer: minus2.00, minus1.00, 0, 1.00, 2.00? why? a. the z score of 2.00 is most preferable because it is 2.00 standard deviations above the mean and would correspond to the highest of the five different possible test scores. b. the z score of 0 is most preferable because it corresponds to a test score equal to the mean. c. the z score of minus2.00 is most preferable because it is 2.00 standard deviations below the mean and would correspond to the highest of the five different possible test scores. d. the z score of minus1.00 is most preferable because it is 1.00 standard deviation below the mean and would correspond to an above average