Question
A companys preferred stock currently sells for $123.45 per share, and it pays an $4.50 annual dividend. What is the cost of preferred stock? a.
A companys preferred stock currently sells for $123.45 per share, and it pays an $4.50 annual dividend. What is the cost of preferred stock?
| a. | 3.65% | |
| b. | 3.24% | |
| c. | 4.00% | |
| d. | 4.15% | |
| e. | 2.79% |
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Fundamentals Of Corporate Finance
Authors: David W Blackwell, Robert Parrino, David S Kidwell
1st Edition
0471270563, 9780471270560
