Question
Problem 9-3 Cost of Preferred Stock Duggins Veterinary Supplies can issue perpetual preferred stock at a price of $69.00 per share with an annual dividend
Problem 9-3 Cost of Preferred Stock
Duggins Veterinary Supplies can issue perpetual preferred stock at a price of $69.00 per share with an annual dividend of $5.00 a share. Ignoring flotation costs, what is the company's cost of preferred stock, rps? Round your answer to two decimal places.
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Essentials Of Accounting For Governmental And Not-for-Profit Organizations
Authors: Paul A Copley
11th Edition
0078025451, 9780078025457
