1. Harmony, Inc. issued $100 par, 7.25% preferred stock four years ago. The stock is currently selling for $85.50. Floatation costs on new preferred shares are expected to average 11% of the funds raised. What is Harmony's cost of preferred stock?
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- The Castle Company recently reported net profits after taxes of $15.8 million. It has 2.5 million shares of common stock outstanding and pays preferred dividends of $1 million a year. The company’s stock currently trades at $60 per share. Compute the stock’s earnings per share (EPS). What is the stock’s P/E ratio? Determine what the stock’s dividend yield would be if it paid $1.75 per share to common stockholders.A preferred stock from Duquesne Light Company (DQUPRA) pays $2.50 in annual dividends. If the required return on the preferred stock is 5.40 percent, what's the value of the stock? (Round your answer to 2 decimal places.)↑ Dewyco has preferred stock trading at $53 per share. The next preferred dividend of $3 is due in one year. What is Dewyco's cost of capital for preferred stock? The cost of capital for preferred stock is (Round to one decimal place)
- 5. Dewyco has preferred stock trading at $54 per share. The next preferred dividend of $5 is due in one year. What is Dewyco's cost of capital for preferred stock? The cost of capital for preferred stock is _____%. (Round to one decimal place.)Brown's Founders & Co. has preferred stock outstanding which pays a dividend of $5 at the end of each year. The preferred stock sells for $60 a share. What is the preferred stock's required rate of return? Select one: a. Kps=8.33% b. Kps=12.30% c. kps= 4.65% d. Kps=15.50%13)Kin Corp. has preferred stock that was issued 3 years ago. It currently sells for $33.50 and pays a dividend of 2.14 per share. What is the rate of return on the preferred stock? Group of answer choices 6.4% 19.2% 7.80% 4.70%
- One year ago, KJ Industries stock sold for $52 a share. Over the past year, the stock has returned 16.0 percent with half of that return coming from dividend income. What is the current price of this stock? Multiple Choice O о O $56.16 $47.84 $60.32 $43.68A company has preferred stock outstanding. It issued the shares at $100 per share 3 years ago. The preferred shares pay a fixed annual dividend of $9.60 per share (expect dividends to be paid forever). The preferred stock traded today at $120 per share. What is the current cost (in percentage terms) of preferred stock if we were to use it in a WACC calculation?A preferred stock from Duquesne Light Company pays $3.55 in annual dividends. If the required return on the preferred stock is percent, whats the 6.7%, what's the value of the stock?
- (Cost of preferred stock) The preferred stock of Walter Industries Inc. currently sells for $36.46 a share and pays $2.51 in dividends annually. What is the firm's cost of capital for the preferred stock? The firm's cost of capital for the preferred stock is %. (Round to two decimal places.)Molen Inc. has an outstanding issue of perpetual preferred stock with an annual dividend of $2.00 per share. If the required return on this preferred stock is 6.5%, at what price should the stock sell? a $30.77 Ob. $38.15 O $32.92 Od. $27.38 O $23.38Bosio Inc.'s perpetual preferred stock sells for $71.65 per share, and it pays an $6.03 annual dividend. What is the company's cost of preferred stock for use in calculating the WACC? Show 2 decimals in your answer. E.g . 9.99 %.