Thor Bank has an issue of preferred stock with $8.00 stated dividend that just sold for $60 per share.
Thor Bank has an issue of preferred stock with $8.00 stated dividend that just sold for $60 per share. What is the bank’s cost of preferred stock? (show work. Hint: P/=Dividend/Price. Note: if the dividend is expressed as a percentage, then you will have to calculate the dividend by multiplying by the par value.) Looking […]