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5. Calculating Cost of Preferred Stock (LO2) Coaldale Bank has an issue of preferred stock with a $3./5 stated dividend just sold for $87 per

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5. Calculating Cost of Preferred Stock (LO2) Coaldale Bank has an issue of preferred stock with a \$3./5 stated dividend just sold for $87 per share. What is the bank's cost of preferred stock? 6. Calculating Cost of Debt (LO3) Nobleford Inc. is trying to determine its cost of debt. The firm has a debt issue outstanding with 23 years to maturity that is quoted at 97% of face value. The issue makes semiannual payments and has an embedded

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