Pangbourne Whitchurch has preferred stock outstanding. The stock pays a dividend of $14 per share, and...

Question

Question

Pangbourne Whitchurch has preferred stock outstanding. The stock pays a dividend of $14 per share, and sells for $70. The cor

business finance

Answer 1

Answer #1

The % cost is computed as shown below:

= Dividend / selling price

= $ 14 / $ 70

= 20%

Feel free to ask in case of any query relating to this question

Answer 2

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