Question
Coaldale Bank has an issue of preferred stock with a $4.85 stated dividend that just sold for $98 per share. What is the banks cost
Coaldale Bank has an issue of preferred stock with a $4.85 stated dividend that just sold for $98 per share. What is the banks cost of preferred stock? (Round the final answer to 2 decimal places.)
Cost of preferred stock- %
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Cost Of Capital Applications And Examples
Authors: Shannon P. Pratt, Roger J. Grabowski, Richard A. Brealey
5th Edition
1118555805, 9781118555804
