FCC 65.303 Revised as of October 1, 2007
Goto Year:2006 |
2008
Sec. 65.303 Cost of preferred stock.
The formula for determining the cost of preferred stock is:
[MATH: :MATH]
Where:
“Total Annual Preferred Dividends” is the total dividends on preferred stock
for the most recent two years for all local exchange carriers with annual
revenues equal to or above the indexed revenue threshold as defined in
Sec. 32.9000. “Proceeds from the Issuance of Preferred Stock” is the average of
the total net proceeds from the issuance of preferred stock for the most
recent two years for all local exchange carriers with annual revenues equal
to or above the indexed revenue threshold as defined in Sec. 32.9000.
[ 60 FR 28545 , June 1, 1995, as amended at 67 FR 5702 , Feb. 6, 2002]
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:MATH] Where: “Total Annual Preferred Dividends” is the total dividends on preferred stock for the most recent two years for all local exchange carriers with annual revenues equal to or above the indexed revenue threshold as defined in Sec. 32.9000. “Proceeds from the Issuance of Preferred Stock” is the average of the total net proceeds from the issuance of preferred stock for the most recent two years for all local exchange carriers with annual revenues equal to or above the indexed revenue threshold as defined in Sec. 32.9000. [ 60 FR 28545 , June 1, 1995, as amended at 67 FR 5702 , Feb. 6, 2002]