(93) Cost of Preferred Stock Duggins Veterinary Supplies can issue perpetual preferred stock at a price of...
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(9–3)
Cost of Preferred Stock Duggins Veterinary Supplies can issue perpetual preferred stock at a price of $50 a share with an annual dividend of $4.50 a share. Ignoring flotation costs, what is the company’s cost of preferred stock, rps?
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Related Book For 
Financial Management Theory And Practice
ISBN: 9781439078105
13th Edition
Authors: Eugene F. Brigham, Michael C. Ehrhardt
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