1. The 9.65 percent preferred stock of ABC Floors is selling for $68.13 a share. What is the firm's cost of preferred stock if the par value per share is $100?
2. Over the past ten years, large-company stocks have returned 12.02 percent. The risk premium on these stocks was 5.32 percent and the inflation rate was 3.7 percent. What was the risk-free rate of return?
3. Is Bitcoin a worthy investment now that it has reach a semi-legitimate status by being traded in the derivatives market?