The preferred stock of CISO, Inc., pays an annual dividend of $6.50 a share and

ID: 2705599 • Letter: T

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The preferred stock of CISO, Inc., pays an annual dividend of $6.50 a share and sells for $48 a share. What is CISO's cost of preferred stock? Answer a. 3.12% b. 9.19% c. 7.38% d. 9.46% e. 13.54% The preferred stock of CISO, Inc., pays an annual dividend of $6.50 a share and sells for $48 a share. What is CISO's cost of preferred stock? The preferred stock of CISO, Inc., pays an annual dividend of $6.50 a share and sells for $48 a share. What is CISO's cost of preferred stock? 3.12% 9.19% 7.38% 9.46% 13.54% a. 3.12% b. 9.19% c. 7.38% d. 9.46% e. 13.54%

Explanation / Answer

cost of preferred stock= dividend/price

= 6.5/48= 13.54%

therefore (e)13.54%

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The preferred stock of CISO, Inc., pays an annual dividend of $6.50 a share and

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