A company's perpetual preferred stock currently sells for $64.11 per share, and it pays a $2.12...
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A company's perpetual preferred stock currently sells for $64.11 per share, and it pays a $2.12 annual dividend. What is the firm's cost of preferred stock? Express your answer as a percent rounded to two (2) decimal places. (For example, 4.567% should be entered as 4.57) A company's perpetual preferred stock currently sells for $64.11 per share, and it pays a $2.12 annual dividend. What is the firm's cost of preferred stock? Express your answer as a percent rounded to two (2) decimal places. (For example, 4.567% should be entered as 4.57)
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The cost of preferred stock is the dividend payment divided by the current ... View the full answer
Related Book For
Fundamentals of Financial Management
ISBN: 978-1285867977
14th edition
Authors: Eugene F. Brigham, Joel F. Houston
Posted Date:
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