Calculate the cost of preference capital (k p ) for a non-redeemable preference share which has the following: Price = \$17 and a Preference dividend...
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# Calculate the cost of preference capital (kp) for a non-redeemable preference share which has the

following:

Price = \$17 and a Preference dividend of \$1 paid every six months. Your answer should the effective annual cost as a decimal accurate to four decimal places. For example an answer of 12.113% should be entered as .1211 with no % sign.

Price= \$17 Dividend= \$1 every six month Cost of preference capital (k p )=... View the full answer

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