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A firm's preferred stock pays an annual dividend of $7, and the stock sells for $85. Flotation costs for new issuances of preferred stock are
A firm's preferred stock pays an annual dividend of $7, and the stock sells for $85. Flotation costs for new issuances of preferred stock are 7% of the stock value. What is the after tax cost of preferred stock the firm's tax rate is 38%? (Round your answer to 2 decimal places.) Multiple Choice 11.01 O 10.31 3.BG 751
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Smith and Roberson Business Law
Authors: Richard A. Mann, Barry S. Roberts
15th Edition
1285141903, 1285141903, 9781285141909, 978-0538473637
