Carla Vista Luxury Liners has preferred shares outstanding that pay an annual dividend equal to $15...
Carla Vista Luxury Liners has preferred shares outstanding that pay an annual dividend equal to $15 per year. If the current price of Carla Vista preferred shares is $93.75, what is the after-tax cost of preferred stock for Carla Vista?
Homework Answers
after-tax cost of preferred stock = annual dividend/current price = 15/93.75= 16%
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