chaosdamax9155 chaosdamax9155

16-11-2020
Business

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holdup bank has an issue of prefered stock witha standard deviation of $7 that just sold for $87 per share. What is the banks cost of prefered

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topeadeniran2 topeadeniran2

17-11-2020

Answer: 8.05%

Explanation:

From the question, we are informed that Holdup bank has an issue of prefered stock witha stated dividend of $7 that just sold for $87 per share.

The banks cost of prefered will be:

= Dividend / Stock value

= 7/87

= 0.0805

= 8.05%

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