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3 years ago

The cost of preferred stock

Business

1 answer:

Ghella [55]3 years ago

5 0

Answer:

Dividends are fixed ⇒ Debt

Preferred dividends are fixed much like the interest payments made on debt which makes this a characteristic of debt.

Usually have no specified maturity date ⇒ Equity

Equity does not have an expiration or maturity date and preferred shares share this same characteristic.

Cost of preferred stock.

The value of a Preferred stock is calculated by the formula:

Price = Dividend / Cost of preferred stock

97.95 = 11 / Cp

97.95 * Cp = 11

Cp = 11/ 97.95

= 11.23%

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marusya05 [52]

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3 years ago

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saveliy_v [14]

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3 years ago

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