Multiple Choice
Holdup Bank has an issue of preferred stock with a $5 stated dividend that just sold for $92 per share.What is the bank's cost of preferred?
A) 4.60 percent
B) 4.64 percent
C) 5.39 percent
D) 5.43 percent
E) 5.54 percent
Correct Answer:

Verified
Correct Answer:
Verified
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