Question
Torch Industries can issue perpetual preferred stock at a price of $73.00 a share. The stock would pay a constant annual dividend of $5.00 a
Torch Industries can issue perpetual preferred stock at a price of $73.00 a share. The stock would pay a constant annual dividend of $5.00 a share. What is the company's cost of preferred stock, rp? Round your answer to two decimal places.
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Financial Trading And Investing
Authors: John Teall
3rd Edition
0323909558, 978-0323909556
