General Dynamicss perpetual preferred stock currently sells for $110 per share, and it pays an...
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General Dynamicss perpetual preferred stock currently sells for $110 per share, and it pays an $9.00 annual dividend. If the company were to sell a new preferred issue, it would incur a flotation cost of 4.00% of the issue price. What is the firm's cost of preferred stock?
8.22%
8.35%
8.520%
9.02%
10.54%
General Dynamicss perpetual preferred stock currently sells for $110 per share, and it pays an $9.00 annual dividend. If the company were to sell a new preferred issue, it would incur a flotation cost of 4.00% of the issue price. What is the firm's cost of preferred stock?
| 8.22% | ||
| 8.35% | ||
| 8.520% | ||
| 9.02% | ||
| 10.54% |
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