Question
What is the cost of a preferred stock for ECF Inc., with a $100 par value that pays a $9.60 dividend per year? The security
What is the cost of a preferred stock for ECF Inc., with a $100 par value that pays a $9.60 dividend per year? The security has a flotation cost of $3.37 and will be retired at its par value in 10 years.
A) 11.74%
B) 10.15%
C) 10.69%
D) 9.68%
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Essentials Of Working Capital Management
Authors: James Sagner
1st Edition
047087998X,0470916923
