Question
If a firms preferred stock pays a $6 dividend and its current price is $70, what is the cost of preferred stock? A) 8.57% B)
If a firms preferred stock pays a $6 dividend and its current price is $70, what is the cost of preferred stock?
| A) 8.57% | |
|
| B) 6% |
|
| C) 11.67% |
|
| D) 76% |
|
| E) Not enough information to tell. |
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Financial Reporting Financial Statement Analysis And Valuation
Authors: James M Wahlen, Stephen P Baginskl, Mark T Bradshaw
10th Edition
0357722094, 978-0357722091
