Company issued $100 par value preferred stock 12 years ago. The stock provided a 9% yield at the time of the issue. The preffered stock is now selling for $72. What is the current yield or cost of preffered stock? (disregard flotation costs)© BrainMass Inc. brainmass.com October 9, 2019, 5:05 pm ad1c9bdddf
At the time of issue the yield was 9%. The par value is $100. The ...
The solution explains how to calculate the cost of a preferred stock