Holdup bank has an issue of preferred stock with a 5 stated


Holdup Bank has an issue of preferred stock with a $5 stated dividend that just sold for $89 per share. What is the bank's cost of preferred stock?

a.) 5.62%

b.) 5.84%

c.) 5.90%

d.) 5.39%

e.) 5.00%

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Financial Management: Holdup bank has an issue of preferred stock with a 5 stated
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