Question
Johns Refrigeration Repair can sell preferred stock for $18 per share and each share of stock is expected to pay an annual dividend of $2.00.
Johns Refrigeration Repair can sell preferred stock for $18 per share and each share of stock is expected to pay an annual dividend of $2.00. Float on the stock is expected to be $.50 per share. What is the cost of preferred stock to Johns Refrigeration (expressed as a percentage rounded to a single decimal point)?
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Foundations In Personal Finance
Authors: Dave Ramsey
1st Edition
0981683967, 978-0981683966
