此题不理解，请老师讲解一下，谢谢。

问题如下：

Analyst Wim has been asked by the CEO to calculate the cost of preferred stock and has recently obtained the following information：

• The issue price of preferred stock was 3.5 million, and the preferred dividend is 4%
• If the company issued new preferred stock today, the preferred dividend yield would be 6%

What is the cost of preferred stock for the company?

选项：

A.

4%

B.

5%

C.

6%

解释：

If company were to issue new preferred stock today, the dividend yield would be close to 6%. The current terms thus prevail over the past terms when evaluating the actual cost of preferred stock. The cost of preferred stock for company is, therefore, 6%.