Answer:
6.5%
Step-by-step explanation:
The formular used to calculate the cost of preferred stock is:
= Fixed dividend/Net proceeds
Fixed dividend= $50 × 8/100
= $50×0.08
=$4
Net proceeds= Market price-Flotation costs
= $65-(6/100×$65)
= $65-(0.06×$65)
= $65-3.9
= $61.1
Therefore cost of preferred stock is
= 4/61.1 ×100
= 0.065×100
= 6.5%
Hence the cost of preferred stock is 6.5%
Answer:
i think this is what you mean:90 + 7.93
Step-by-step explanation:
Word problem: Today the temperature dropped 13 °F. After this drop, the temperature was 74 °F. What was the original temperature outside before the drop?
Subtraction problem: x °F - 13 °F = 74 °F
Solve: x - 13 = 74
x - 13(+13) = 74 + 13
x = 87 °F
Answer:
C
Step-by-step explanation:
brainliest pls
Answer:21.9FM
Step-by-step explanation:
