Business, 16.11.2020 17:00 bankskry

Sixth Fourth Bank has an issue of preferred stock with a $6.30 stated dividend that just sold for $125 per share. What is the bank’s cost of preferred stock? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e. g., 32.16.)

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Sixth Fourth Bank has an issue of preferred stock with a $6.30 stated dividend that just sold for $1...