Post a New Question

Finance

posted by on .

A firm has $3 million market value and it sells preferred stock with a par value of $100. If the coupon rate on the preferred stock is 9% and the preferred stock trades at $95, what is the cost of preferred stock financing?

  • Finance - ,

    10.41%

Answer This Question

First Name:
School Subject:
Answer:

Related Questions

More Related Questions

Post a New Question