1. What is unique about the contribution margin under capitation?
2. Suppose you own a single stock, which over the past year has had a mean daily return of 0.25% with a variance of 0.64%. What is the daily 10% Value at Risk of this portfolio? Interpret the result in words.
3. Toto and Associates preferred stock is selling for $27.50 a share. The firm nets $25.60 after issuance costs. The stock pays an annual dividend of $3.00 per share. What is the cost of existing, and new, preferred stock respectively in dollars? Please show work