TechNova Inc. has issued preferred stock at its $140 per share value. The stock will pay a $18 annual dividend. The cost of issuing and selling the stock was $6 per share. What is the cost of the preferred stock?
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- A company’s preferred stock currently sells for $95.47 per share and it pays a $4.00 annual dividend. what is the cost of the preferred stock?What is the value of the preferred stock of this financial accounting question?A company’s perpetual preferred stock currently sells for $87.94 per share, and it pays a $7.24 annual dividend. What is the firm's cost of preferred stock? Express your answer as a percent rounded to two (2) decimal places.
- Bosio Inc.'s perpetual preferred stock sells for $71.65 per share, and it pays an $6.03 annual dividend. What is the company's cost of preferred stock for use in calculating the WACC? Show 2 decimals in your answer. E.g . 9.99 %.Anthony’s Antiques, Inc. has preferred stock outstanding which pays a dividend of $4 per share a year. The current stock price is $32 per share. What is the cost of preferred stock?The preferred stock of Hose Ltd., pays an annual dividend of Shs.6.50 a share and sells for shs.48 a share. What is the cost of the preferred stock?
- King Medical Supplies has issued preferred stock that pays a yearly dividend of $4 per share. This preferred stock is trading at a price of $47 per share. What is King’s cost of preferred stock capital?Taylor Systems has just issued preferred stock. The stock has a 9% annual dividend and a $120 par value and was sold at $126.00 per share. In addition, flotation costs of $9.60 per share were paid. Calculate the cost of the preferred stock.A preferred stock from Duquesne Light Company (DQUPRA) pays $3.55 in annual dividends.If the required return on the preferred stock is 6.7 percent, what’s the value of the stock? (Round your answer to 2 decimal places.)
- bosio inc perpetual preferred stock sells for $97.50 per share, and it pays an $8.50 annual dividend. If the company were to sell a new preferred issue, it would incur a flotation cost of 4.00% of the price paid by investors. What is the company's cost of preferred stock for use in calculating the WACC?A preferred stock from Duquesne Light Company (DQUPRA) pays $2.50 in annual dividends. If the required return on the preferred stock is 5.40 percent, what's the value of the stock? (Round your answer to 2 decimal places.)Kendra Corporation's preferred shares are trading for $27 in the market and pay a $4.10 annual dividend. Assume that the market's required yield is 14 percent. a. What is the stock's value to you, the investor? b. Should you purchase the stock?