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Builtrite Auto has preferred stock shares outstanding that pay an annual dividend of $3 and are currently selling for $46 a share. What is the
Builtrite Auto has preferred stock shares outstanding that pay an annual dividend of $3 and are currently selling for $46 a share. What is the after-tax cost of preferred stock if the flotation cost for new shares is 5% and Builtrite is in the 34% marginal tax bracket? 6.86% 4.53% 4.30% 6.52%
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