Walk me through this problem:
A bank has as issue of preferred stock with a $6.50 stated dividend that just sold for $90.00 per share. What is the banks cost of preferred stock?© BrainMass Inc. brainmass.com December 24, 2021, 4:58 pm ad1c9bdddf
Preferred stock can be viewed similarly to
<br>a perpetuity or a ...