What is the cost of preferred stock for kyle

Reference no: EM131962919

Question: Cost of preferred stock.

Kyle is raising funds for his company by selling preferred stock. The preferred stock has a par value of $85 and a dividend rate of 7.4%.

The stock is selling for $72.02 in the market. What is the cost of preferred stock for Kyle?

What is the cost of preferred stock for Kyle?

Reference no: EM131962919

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