3. The cost of preferred stock Preferred stock is a hybrid security, because it has some...

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3. The cost of preferred stock Preferred stock is a hybrid security, because it has some characteristics typical of debt and

business finance

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Answer 1

Answer #1

a) Debt

b) Equity

c) Cost of preferred stock:

=Dividend/price of stock

=13/139.84

=9.2963%

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Answer 2

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