Libby has bought 100 preferred stocks of alexis ltd. this year, alexis ltd. paid a dividend of $2.50 per share. the price of each preferred share is $15. what is the cost of preferred equity?
the cost of preferred equity is [blank]
percent.

$0,16

Explanation:

Cost of Preferred Stock. is the rate of return required by holders of a company's preferred stock. It is calculated by dividing the annual preferred dividend payment by the preferred stock's current market price

Dividend                              $100 x $2,50= $250

= $0,16

Current market price   $100 x $15= $1,500

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