Holdup bank issued preferred stock that pays a constant 585, Ask an Expert

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Holdup Bank issued preferred stock that pays a constant $5.85 dividend each year. That stock currently sells for $95 per share. What is the cost of preferred equity? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)

Cost of preferred stock _%

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92321974

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