Alpha Geek

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    Polytechnic State University Sanluis
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Category > Accounting Posted 04 Jun 2017 My Price 3.00

Determine the cost for each of the following preferred stocks

Cost of preferred stock Determine the cost for each of the following preferred stocks.

Preferred stock

Par value

Sale price

Flotation cost

Annual dividend

A

$100

$101

$9.00

11%

B

40

38

$3.50

8%

C

35

37

$4.00

$5.00

D

30

26

5% of par

$3.00

E

20

20

$2.50

9%

Answers

Alpha Geek
(8)
Status NEW Posted 04 Jun 2017 07:06 AM My Price 3.00

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file 1496562688-Answer.docx preview (65 words )
C-----------ost----------- of----------- pr-----------efe-----------rre-----------d s-----------toc-----------k D-----------ete-----------rmi-----------ne -----------the----------- co-----------st -----------for----------- ea-----------ch -----------of -----------the----------- fo-----------llo-----------win-----------g p-----------ref-----------err-----------ed -----------sto-----------cks-----------. -----------Pre-----------fer-----------red----------- st-----------ock----------- Pa-----------r v-----------alu-----------e S-----------ale----------- pr-----------ice----------- Fl-----------ota-----------tio-----------n c-----------ost----------- An-----------nua-----------l d-----------ivi-----------den-----------d -----------A $-----------100----------- $1-----------01 -----------$9.-----------00 -----------11%----------- B----------- 40----------- 38----------- $3-----------.50----------- 8%----------- C----------- 35----------- 37----------- $4-----------.00----------- $5-----------.00----------- D----------- 30----------- 26----------- 5%----------- of----------- pa-----------r $-----------3.0-----------0 -----------E 2-----------0 2-----------0 $-----------2.5-----------0 9-----------% -----------Cos-----------t o-----------f p-----------ref-----------err-----------ed -----------sto-----------ck(-----------kp)----------- = -----------Div-----------ide-----------nd -----------÷ -----------(pr-----------ice----------- of----------- sh-----------are----------- - -----------flo-----------tat-----------ion----------- co-----------st)----------- -----------Ans-----------wer----------- A.----------- Kp----------- = -----------(11-----------%*1-----------00)-----------÷(-----------101------------9)----------- = -----------11.-----------95%----------- -----------
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