What is the bank cost of preferred stock

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Reference no: EM131912714

1. The Giuntoli Co. just issued a dividend of $2.40 per share on its common stock. The company is expected to maintain a constant 8 percent growth rate in its dividends indefinitely. If the stock sells for $43.20 a share, what is the company’s cost of equity? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) Cost of equity %

2. Sixth Fourth Bank has an issue of preferred stock with a $6.60 stated dividend that just sold for $86 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.) Cost of preferred stock %

Reference no: EM131912714

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