Question
Wildhorse Luxury Liners has preferred shares outstanding that pay an annual dividend equal to $28 per year. If the current price of Wildhorse preferred
Wildhorse Luxury Liners has preferred shares outstanding that pay an annual dividend equal to $28 per year. If the current price of Wildhorse preferred shares is $112.00, what is the cost of preferred stock for Wildhorse? (Round answer to O decimal places, e.g. 15%.) Cost of preferred stock % Sandhill Tire Co. just paid an annual dividend of $1.20 on its common shares. If Sandhill is expected to increase its annual dividend by 4.1 percent per year into the foreseeable future and the current price of Sandhill's common shares is $11.18, what is the cost of common stock for Sandhill? (Round intermediate calculations to 4 decimal places, e.g. 0.1555 and final answer to 2 decimal places, e.g 15.25%.) Cost of common stock %
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