Rose has preferred stock selling for 99 percent of par that


Rose has preferred stock selling for 99 percent of par that pays a 9 percent annual coupon. What would be Rose's component cost of preferred stock?

4.55%
8.91%
9.00%
9.09%

 

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Finance Basics: Rose has preferred stock selling for 99 percent of par that
Reference No:- TGS0602117

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