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ABC Corp. issued nonconvertible, noncallable preferred stock last year at an issue price of $100; it pays a dividend of $5 per annum. The stock
ABC Corp. issued nonconvertible, noncallable preferred stock last year at an issue price of $100; it pays a dividend of $5 per annum. The stock is now trading at $110. The company's marginal tax rate is 40%. The required return on ABC Corp preferred stock is closest to: 4.5%. Ting 2.7%. 3.0%
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