The ______ process consists of the analyses, decisions, and actions an organization undertakes in order to create and sustain co
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Answer:
cost of preferred stock will be equal to 4.56 %
Explanation:
We have given dividend on the preferred stock = $4.25
As the stock is sold for $93 per share so current price = $93
We have to find the preferred stock
We know that preferred stock is given by
Preferred stock = 4.56 %
So cost of preferred stock will be equal to 4.56 %