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Cost of Preferred Stock Assignment | Homework For You

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May 29th, 2020
Problem 10.02 (Cost of Preferred Stock) Torch Industries can issue perpetual preferred stock at a price of $61.00 a share. The stock would pay a constant annual dividend of $4.50 a share. What is the company’s cost of preferred stock, rp? Round your answer to two decimal places. Get Finance homework help todayHomework For You

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