Question
ILK has preferred stock selling for 96 percent of par that pays a 9 percent annual coupon. What would be ILKs component cost of preferred
ILK has preferred stock selling for 96 percent of par that pays a 9 percent annual coupon. What would be ILKs component cost of preferred stock? (Round your answer to 2 decimal places.)
Cost of preferred stock %
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Analysis For Financial Management
Authors: Robert Higgins, Jennifer Koski, Todd Mitton
13th Edition
1260772365, 978-1260772364
