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Montenegro Industries can issue perpetual preferred stock at a price of $75.20 a share. The stock would pay a constant annual dividend of $5.37 a
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Montenegro Industries can issue perpetual preferred stock at a price of $75.20 a share. The stock would pay a constant annual dividend of $5.37 a share. What is the companys cost of preferred stock, r p?
a. 14.00%
b. 7.69%
c. 7.14%
d. 6.67%
e. 5.00%
Montenegro Industries can issue perpetual preferred stock at a price of $75.20 a share. The stock would pay a constant annual dividend of $5.37 a share. What is the companys cost of preferred stock, r p?
a. | 14.00% | |
b. | 7.69% | |
c. | 7.14% | |
d. | 6.67% | |
e. | 5.00% |
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