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A firm is paying an annual dividend of $3.00 for its preferred stock which is selling for $69.00. There is a selling cost of $2.00.
| A firm is paying an annual dividend of $3.00 for its preferred stock which is selling for $69.00. There is a selling cost of $2.00. What is the after-tax cost of preferred stock if the firm's tax rate is 36%?(Round your answer to 2 decimal places.) |
a. 4.48%b. 6.63%c. 3.13%d. 5.93%
which one is it?
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Real Estate Finance and Investments
Authors: William Brueggeman, Jeffrey Fisher
14th edition
73377333, 73377339, 978-0073377339
