Nelson's Landscaping has 1,200 bonds outstanding that are selling for $990 each

Samuelson Plastics has 7.5 percent preferred stock outstanding. Currently, this stock has a market value per share of $52 and a book value per share of $38. What is the cost of preferred stock?    A.  7.50 percent B.  13.88 percent C.  14.42 percent D.  19.29 percent E.  19.74 percent Rp = (0.075 × $100)/$52 = 14.42 percent

58.

New York Deli has 7 percent preferred stock outstanding that sells for $34 a share. This stock was originally issued at $45 per share. What is the cost of preferred stock?    A.  13.68 percent B.  14.00 percent C.  18.29 percent D.  20.59 percent E.  20.80 percent Rp = (0.07 × $100)/$34 = 20.59 percent

59.

Nelson's Landscaping has 1,200 bonds outstanding that are selling for $990 each. The company also has 2,500 shares of preferred stock at a market price of $28 a share. The common stock is priced at $37 a share and there are 28,000 shares outstanding. What is the weight of the common stock as it relates to the firm's weighted average cost of capital?    A.  43.08 percent B.  45.16 percent C.  47.11 percent D.  54.00 percent E.  55.45 percent