Business, 14.04.2020 19:03 patrickwilson

You want to estimate Cardinal Co.’s cost of preferred capital. Assume that the preferred shares were issued at $20/share. Today, the price is $22/share. The preferred shares pay an annual dividend of $2. What is the cost of preferred capital?

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You want to estimate Cardinal Co.’s cost of preferred capital. Assume that the preferred shares were...