Long Haul Trucking can issue perpetual preferred stock at a price of $25 a share The issue is expected to pay a constant annual dividend of $1 75 a share Ignoring flotation costs, what is the company 's cost of preferred stock, rps ...

Long Haul Trucking can issue perpetual preferred stock at a price of $25 a share. The issue

Question:

Long Haul Trucking can issue perpetual preferred stock at a price of $25 a share. The issue is expected to pay a constant annual of $1.75 a share. Ignoring flotation costs, what is the company's cost of preferred stock, rps? Dividend
A dividend is a distribution of a portion of company’s earnings, decided and managed by the company’s board of directors, and paid to the shareholders. Dividends are given on the shares. It is a token reward paid to the shareholders for their...