What is the banks cost of preferred stock

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Reference no: EM131087899

Sixth Fourth Bank has an issue of preferred stock with a $5.60 stated dividend that just sold for $98 per share. Required: What is the bank’s cost of preferred stock? (Do not round intermediate calculations. Enter your answer as a percentage rounded to 2 decimal places (e.g., 32.16).)

Reference no: EM131087899

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What is the banks cost of preferred stock : Sixth Fourth Bank has an issue of preferred stock with a $5.60 stated dividend that just sold for $98 per share. Required: What is the bank’s cost of preferred stock?

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