Grill works and more has 5 percent preferred stock, Ask an Expert

Finance

Grill Works and More has 5 percent preferred stock outstanding that is currently selling for $57 a share. The stock's par value is $100. The market rate of return is 7 percent and the firm's tax rate is 34 percent. What is the firm's cost of preferred stock?

8.77 percent

7.97 percent

5.79 percent

7.21 percent

5.26 percent

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92102739

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