Determining the company cost of preferred stock


Tunney Industries can issue perpetual preferred stock at a price of $75.00 a share. The stock would pay a constant annual dividend of $5.50 a share. What is the company's cost of preferred stock, rp? Round your answer to two decimal places.

Request for Solution File

Ask an Expert for Answer!!
Finance Basics: Determining the company cost of preferred stock
Reference No:- TGS056193

Expected delivery within 24 Hours