An alternate way to pay investors is when the firm uses cash to buy shares of its own outstanding stock, also known as: A. dividend investment.

B. seasoned equity offering.

C. share repurchases.

D. initial public offering.

E. retained earnings.

Preferred stock of Ford Motors pays a dividend of $4 each year and trades at a price of $30. What is the cost of preferred stock capital for ford

A.14.5%

B.16.5%

C.13.3%

D.15.5%

E. 16.2%