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Builtrite Auto has preferred stock shares outstanding that pay an annual dividend of $5 and are currently seiling for $79 a share. What is the

Builtrite Auto has preferred stock shares outstanding that pay an annual dividend of $5 and are currently seiling for $79 a share. What is the after-tax cost of preferred stock if the flotation cost for new shares is 8% and Buitrite is in the 34% marginal tax bracket? 7.044 6192 6. 8er

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