单项选择题:
An analyst does research about cost of capital and gathers the following information about a pany's preferred stock. The preferred stock is nonconvertible, noncallable, and has a fixed dividend rate with no maturity date :
·3 million shares outstanding
·The par value per share is $15
·Total market value is $39 million
·Earnings per share is $2.1
·Annual dividend per share is $0.8
·Company's marginal tax rate is 30%。
The cost of preferred stock is closest to:（）
A. 4.31% B. 5.33% C. 6.15%
网友回答
答案：C
解析: cost of preferred stock= dividend/(market value/number of preferred shares outstanding), 代入数据如下：$0.8/($39 million/3 million) =6.15%。