
Business, 13.08.2020 19:01, enriquerer12
. Calculating Cost of Preferred Stock: Holdup Bank has an issue of preferred stock with a $3.75 stated dividend that just sold for $87 per share. What is the bank’s cost of preferred stock?
Answers

answered: lolamegananne
4.31%
Explanation:
Calculation for the bank’s cost of preferred stock
Using this formula
Cost of preferred stock=Dividend / Selling price of stock
Let plug in the formula
Cost of preferred stock= $ 3.75 / $ 87
Cost of preferred stock= 4.31%
Therefore the Cost of preferred stock will be 4.31%

answered: Guest
The correct answer is "c. a limited partnership without a general power".

answered: Guest
answercombination of ability and experience of the partners;


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