Question
Kyle is raising funds for his company by selling preferred stock. The preferred stock has a par value of $83 and a dividend rate of
Kyle is raising funds for his company by selling preferred stock. The preferred stock has a par value of $83 and a dividend rate of 9.3%. The stock is selling for $59.52 in the market. What is the cost of preferred stock for Kyle?
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Fundamentals Of Corporate Finance
Authors: Richard A. Brealey, Marcus, Alan J, Myers, Stewart C.
2nd Edition
0070074860, 9780070074866
