Holdup bank has an issue of preferred stock with a 515


Holdup Bank has an issue of preferred stock with a $5.15 stated dividend that just sold for $88 per share. What is the banks cost of preferred stock? (Round your answer to 2 decimal places. (e.g., 32.16))

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Finance Basics: Holdup bank has an issue of preferred stock with a 515
Reference No:- TGS0607786

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