Question
A firm is paying an annual dividend of $4.00 for its preferred stock which is selling for $64.00. There is a selling cost of $2.00.
A firm is paying an annual dividend of $4.00 for its preferred stock which is selling for $64.00. There is a selling cost of $2.00. What is the after-tax cost of preferred stock if the firm's tax rate is 34%?
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Financial Accounting Information For Decisions
Authors: Robert w Ingram, Thomas L Albright
6th Edition
9780324313413, 324672705, 324313411, 978-0324672701
