单选题
An investor gathered the following data in order to estimate the value of the company's preferred stock:
| Par value of preferred stock offered at a 6% dividend rate | $100 |
| Company's sustainable growth rate | 5% |
| Yield on comparable preferred stock issues | 11.5% |
| Investor's marginal tax rate | 30% |
The value of the company's preferred stock is closest to:
【正确答案】
A
【答案解析】
A is correct.
