Question
COST OF PREFERRED STOCK Torch Industries can issue perpetual preferred stock at a price of $54.00 a share. The stock would pay a constant annual
COST OF PREFERRED STOCK
Torch Industries can issue perpetual preferred stock at a price of $54.00 a share. The stock would pay a constant annual dividend of $5.50 a share. What is the company's cost of preferred stock, rp? Round your answer to two decimal places.
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Corporate Finance Theory And Practice
Authors: Aswath Damodaran
2nd Edition
0471283320, 9780471283324
