What is the cost of the preferred stock
Kim is raising funds for her company by selling preferred stock. The preferred stock has a par value of $83 and a dividend rate of 8.9%. The stock is selling for $51.93 in the market. What is the cost of the preferred stock?
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Wall Street ( and unsuspecting financial planners) has been very successful in selling main street the story that higher risk = higher reward, while the smart money knows this and is able to effectively arbitrage excess returns from low risk stock
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The preferred stock has a par value of $83 and a dividend rate of 8.9%. The stock is selling for $51.93 in the market. What is the cost of the preferred stock?
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