1.XYZ Company has outstanding preferred stock that is selling for $67 and pays a dividend of $5/share...
Fantastic news! We've Found the answer you've been seeking!
Question:
1.XYZ Company has outstanding preferred stock that is selling for $67 and pays a dividend of $5/share every year.Assuming no flotation costs and a tax rate of 35%, what is the cost to XYZ Company of their preferred stock?
a.4.85%
b.7.46%
c.5.00%
d.3.25%
Posted Date: