Sixth fourth bank has an issue of preferred stock with a, Ask an Expert

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Sixth Fourth Bank has an issue of preferred stock with a $6.80 stated dividend that just sold for $88 per share.

What is the bank’s cost of preferred stock? (Do not round intermediate calculations and 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.:- M93046892

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