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Vladimir [108]
2 years ago
15

Bethesda Water has an issue of preferred stock outstanding with a coupon rate of 4.20 percent that sells for $90.86 per share. I

f the par value is $100, what is the cost of the company's preferred stock?
A) 6.37%
B) 6.15%
C) 6.91%
D) 6.20%
E) 6.11%
Business
1 answer:
natali 33 [55]2 years ago
3 0

Answer:

4.62%

Explanation:

Bethesda had an issue with preferred stock outstanding with a coupon rate of 4.20 %

It is sold at $90.86 per share

The par value is $100

Therefore the company's preferred stock can be calculated as follows

= 4.20/100 × 100 / 90.86/100 ×100

= 4.20/90.86

= 0.0462 × 100

= 4.62%

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Answer:

$12.5(at least) would be needed to induce Lisa for driving Uber instead of working on web designing.

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Answer:

5,110,000 and 5,170,000.

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diluted shares = ($6,000,000 / $1,000) x 40 x 3/12 = 60,000

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weighted average of outstanding shares + diluted shares = 5,110,000 + 60,000 = 5,170,000 shares

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