Question
Torch Industries can issue perpetual preferred stock at a price of $55.50 a share. The stock would pay a constant annual dividend of $4.50 a
Torch Industries can issue perpetual preferred stock at a price of $55.50 a share. The stock would pay a constant annual dividend of $4.50 a share. What is the company's cost of preferred stock, rp? Round your answer to two decimal places.
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Introduction To Derivatives And Risk Management
Authors: Robert Brooks, Don M Chance, Roberts Brooks
8th Edition
0324601212, 9780324601213
