Question
A firm is paying an annual dividend of $8.00 for its preferred stock which is selling for $68.00. There is a selling cost of
A firm is paying an annual dividend of $8.00 for its preferred stock which is selling for $68.00. There is a selling cost of $4.00. What is the after- tax cost of preferred stock if the firm's tax rate is 36%? Note: Round your answer to 2 decimal places.
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Foundations of Financial Management
Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen, Doug Short, Michael Perretta
10th Canadian edition
1259261018, 1259261015, 978-1259024979
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