What is the company cost of preferred stock-rp

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1. In October 2008, six-month Treasury bills were issued at a discount of 1.4%. What was the annual yield? (Do not round intermediate calculations. Enter your answer as a percent rounded to 3 decimal places.) Annual yield %

2. Tunney Industries can issue perpetual preferred stock at a price of $63.50 a share. The stock would pay a constant annual dividend of $5.00 a share. What is the company's cost of preferred stock, rp? Round your answer to two decimal places. %

Reference no: EM132032180

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