Calculating Cost of Preferred Stock
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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 May 24, 2023, 1:22 pm ad1c9bdddf
Preferred stock can be viewed similarly to
<br>a perpetuity or a ...