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The preferred stock of ISO, Inc., pays an annual dividend of $6.50 a share and sells...

The preferred stock of ISO, Inc., pays an annual dividend of $6.50 a share and sells for $45 a share. What is ISO's cost of preferred stock? Enter percent, round to 2 decimal places.

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Answer #1

stock Price - Dividend Cost of Preferred stock e 95 Cost of Preferred stock = 6.50 = 14.44% Ans

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