Multiple Choice
Traditional Bank has an issue of preferred stock with an annual dividend of $7.50 that just sold for $62 a share.What is the bank's cost of preferred stock?
A) 12.91 percent
B) 12.10 percent
C) 11.23 percent
D) 13.47 percent
E) 11.32 percent
Correct Answer:
Verified
Correct Answer:
Verified
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