A firm has $3 million market value and it sells preferred stock with a par value of $100. If the coupon rate on the preferred stock is 8% and the preferred stock trades at $92, what is the cost of preferred stock capital?
A) 8.26%
B) 8.70%
C) 9.13%
D) 9.57%
Answer: B
You might also like to view...
Adella works for a large software company as a security analyst. In her free time away from work, she likes to develop computer games. Which of the following statements is true in this case?
A. Adella and the software company jointly own the games that she develops. B. The person who uses the game first owns the games that Adella develops. C. Adella owns the games that she develops. D. The software company owns the games that Adella develops.
Boldface can be used to __________ key words and phrases
a. hide b. define c. emphasize d. duplicate
The final output of demand planning stage is a ______ that has the agreement of all the stakeholders of the S&OP process.
A. single supply plan B. single demand plan C. multiple demand plans D. multiple supply plans
Increasingly, companies are designing employment forms as mechanisms for acquiring information about a candidate that often is not included in the résumé.?
Indicate whether the statement is true or false