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-   -   Financial Question on how to calculate the dividend for preferred stock. (https://www.askmehelpdesk.com/showthread.php?t=529205)

  • Nov 26, 2010, 12:31 PM
    tuyenle1125
    Financial Question on how to calculate the dividend for preferred stock.
    Jensen's Travel Agency has a 7 percent preferred stock outstanding that is currently selling for $46 a share. The market rate of return is 10 percent and the firm's tax rate is 33 percent. What is Jensen's cost of preferred stock?

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