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Hi, need assistance with calculating the Cost of preferred cost for Nike. Below is what I have thus far. I attached a short section from
Hi, need assistance with calculating the Cost of preferred cost for Nike. Below is what I have thus far. I attached a short section from Nikes 2016 10-K annual filing with the SEC - Go to https://www.sec.gov/Archives/edgar/data/320187/000032018716000336/nke-5312016x10k.htm#s391FB123CF4745AF90A681E26CBAA96C From my understanding Nike pay a dividend of 10 cents per share on preferred stock, and they have a total of $300,000 in preferred stock outstanding. I just need to find the current market price of preferred stock to calculate but cannot find it. Please assist with the calculation (with formula). Thank you
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