Torch Industries can issue perpetual preferred stock at a price of $75.00 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 $75.00 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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Authors: Andrew P.C.
1st Edition
1521728461, 978-1521728468
