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ABC issued a preferred stock 5 years ago.The stock pays a constant $5.8 dividend per year.The current price of this stock is $75.33.what is the

ABC issued a preferred stock 5 years ago.The stock pays a constant $5.8 dividend per year.The current price of

this stock is $75.33.what is the after tax cost of preferred stock if the marginal tax rate of the company is 21

percent?



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