问题
单项选择题
Which of the following statements about the component costs of capital is least likely correct The:（）
A. cost of common equity is (expected dividend/stock price) plus expected dividend growth.
B. cost of common equity is the required rate of return on common stock.
C. cost of preferred stock is the preferred dividend divided by the preferred’ s par value.
答案
参考答案：C
解析：
The cost of preferred stock is calculated as the preferred dividend divided by the market price, not the par value.