What is the company cost of preferred stock and rp

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Tunney Industries can issue perpetual preferred stock at a price of $62.50 a share. The stock would pay a constant annual dividend of $6.00 a share. What is the company's cost of preferred stock, rp? Round your answer to two decimal places.

Reference no: EM131073435

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What is the company cost of preferred stock and rp : Tunney Industries can issue perpetual preferred stock at a price of $62.50 a share. The stock would pay a constant annual dividend of $6.00 a share. What is the company's cost of preferred stock, rp?

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