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%
If i was a tennis player playing in wimbledon i would break that rule ;-;
Answer:
t - 16
Step-by-step explanation:
Hope this helps!! :))
You can find one the picture I send
Answer:
$780.50
Step-by-step explanation:
I will update this if I figure how it's solved as well.
