Duggins Veterinary Supplies can issue perpetual preferred stock

Duggins Veterinary Supplies can issue perpetual preferred stock at a price of $50 a share with an annual dividend of $4.50 a share. Ignoring flotation costs, what is the company’s cost of preferred stock, rps?

$1.99
Sales 4
Views 1125
Comments 0
  • CreatedSeptember 23, 2011
  • Files Included
Advertisment Here