Question
ILK has preferred stock selling for 98 percent of par that pays a 9 percent annual coupon. What would be ILKs component cost of preferred
| ILK has preferred stock selling for 98 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.) |
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Fundamentals of Investments, Valuation and Management
Authors: Bradford Jordan, Thomas Miller, Steve Dolvin
8th edition
1259720697, 1259720691, 1260109437, 9781260109436, 978-1259720697
