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Rose has preferred stock selling for 98.8 percent of par that pays a 9.2 percent annual coupon. What would be Rose's component cost of preferred
Rose has preferred stock selling for 98.8 percent of par that pays a 9.2 percent annual coupon. What would be Rose's component cost of preferred stock? |
4.66%
9.20%
9.09%
13.04%
JackITs has 5.6 million shares of common stock outstanding, 1.6 million shares of preferred stock outstanding, and 26.00 thousand bonds. If the common shares are selling for $28.60 per share, the preferred shares are selling for $14.10 per share, and the bonds are selling for 97.94 percent of par, what would be the weight used for equity in the computation of JackIT's WACC? |
77.50%
76.93%
66.67%
33.33%
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