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Wittaler [7]
3 years ago
14

Cost of Preferred Stock Torch Industries can issue perpetual preferred stock at a price of $57.00 a share. The stock would pay a

constant annual dividend of $6.00 a share. What is the company’s cost of preferred stock, ?
Business
1 answer:
labwork [276]3 years ago
8 0

Answer:

the company’s cost of preferred stock is 10.53%.

Explanation:

given information:

perpetual preferred stock = $57.00

a constant annual dividend = $6.00

to determine the company’s cost of preferred stock we can use the following formula

cost of preferred stock = \frac{ annual dividend}{preferred stock}

                                   = \frac{6.00}{57.00}

                                   =10.53%

therefore, the company’s cost of preferred stock is 10.53%.

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3 years ago
If revenue is less than operating expenses, the business would have a _____ cash flow. break-even negative
Aneli [31]

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3 years ago
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Punch Corporation acquired 80% ownership of Jud Corporation in 2017, at underlying book value. On that date, the fair value of n
Ilia_Sergeevich [38]

Answer:

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Harrizon [31]

Answer:

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