Join the IDNLearn.com community and start getting the answers you need today. Our experts are ready to provide in-depth answers and practical solutions to any questions you may have.
Sagot :
The company's cost of preferred stock is $0.084 or 8.4%.
What Are Stocks?
A stock usually referred to as equity, is a type of investment that denotes ownership in a portion of the issuing company. Shares, also known as units of stock, entitle their owners to a share of the company's assets and income in proportion to the number of shares they possess.
[tex]cost of preferred stock=\frac{annual dividend }{price of stock}[/tex]
[tex]cost of preferred stock =\frac{ 4.50}{ 53.50}[/tex]
cost of preferred stock = $0.084
cost of preferred stock = 8.4%
Hence, the company's cost of preferred stock is $0.084 or 8.4%.
To know more about the cost of preferred stock refer to: https://brainly.com/question/15728637
#SPJ4
Your participation is crucial to us. Keep sharing your knowledge and experiences. Let's create a learning environment that is both enjoyable and beneficial. IDNLearn.com is committed to your satisfaction. Thank you for visiting, and see you next time for more helpful answers.
