Question
Your company has a preferred stock that has an annual dividend of $3.50. If the current price is $30, for purposes of computing the WACC,
Your company has a preferred stock that has an annual dividend of $3.50. If the current price is $30, for purposes of computing the WACC, what is the cost of equity? a. 11.67% b. $30 c. 7.5% d. $8.57 e. 8.57%
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Principles Of Investments
Authors: Alan Marcus, Zvi Bodie, Michael Drew, Anup Basu, Alex Kane
1st Edition
0071012389, 978-0071012386
