Multiple Choice
A company has 1.5 million 5% preferred shares with a nominal value of $50 and a market capitalization of $91.5 million. What is the cost of capital for the preferred shares?
A) 4.1%
B) 7.5%
C) 8.2%
D) 10.0%
E) 13.7%
Correct Answer:
Verified
Correct Answer:
Verified
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