What is the banks cost of preferred stock show your work
Fifteenth Bank has an issue of 7% preferred stock with a $100.00 par value that just sold for $109 per share. What is the bank's cost of preferred stock? (Show your work and round your answer to two decimal places).
Now Priced at $10 (50% Discount)
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fifteenth bank has an issue of 7 preferred stock with a 10000 par value that just sold for 109 per share what is the
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