bettybales1986
20.11.2019 •
Business
Ten years ago, stigler company issued $100 par value preferred stock yielding 6%. the preferred stock is now selling for $102 per share. what is the approximate current yield or cost of the preferred stock? (disregard flotation costs.) multiple choice there is not enough information to answer the question. 5.9% 8% 7.76%
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Ответ:
Option (B) is correct.
Explanation:
Par value of preferred stock = $100
Yielding = 6%
Current market price = $102 per share
Dividend = Yielding × Par value of preferred stock
= 0.06 × $100
= $6
Cost of preferred stock = (Dividend ÷ Current Market Price) × 100
= ($6 ÷ $102) × 100
= (0.058) × 100
= 5.9%
Ответ:
E) It helps a company target its customers better.
Because if you are trying to achive more success and your in a place with a lot of different types of people you would want to know what their interest are.