Question
COST OF PREFERRED STOCK Torch Industries can issue perpetual preferred stock at a price of $67.00 a share. The stock would pay a constant annual
COST OF PREFERRED STOCK
Torch Industries can issue perpetual preferred stock at a price of $67.00 a share. The stock would pay a constant annual dividend of $4.50 a share. What is the company's cost of preferred stock, rp? Round your answer to two decimal places. %
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Technical Analysis Of Stock Trends
Authors: Robert D. Edwards, John Magee
5th Edition
0910944008, 978-0910944007
