Question
Problem 9-3 Cost of Preferred Stock Duggins Veterinary Supplies can issue perpetual preferred stock at a price of $72.50 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 $72.50 per share with an annual dividend of $4.50 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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Financial Management In The Sport Industry
Authors: Matthew T. Brown, Daniel A. Rascher, Mark S. Nagel, Chad D. McEvoy
3rd Edition
0367321211, 978-0367321215
