Holdup bank has an issue of preferred stock with a 7 stated


Holdup Bank has an issue of preferred stock with a $7 stated dividend that just sold for $89 per share. What is the bank's cost of preferred stock?

7.87%

7.00%

7.55%

8.26%

8.18%

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Financial Management: Holdup bank has an issue of preferred stock with a 7 stated
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