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A firm is paying on annual dividend of $265 for its preferred stock that is selling for $57.00. There is a selling cost of $3.30

A firm is paying on annual dividend of $265 for its preferred stock that is selling for $57.00. There is a selling cost of $3.30 What is the after-tax cost of preferred stock if the firm's tax rate is 219? Multiple Choice 5791 330N 4.935 6.11

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