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Calculate the after-tax cost of preferred stock for KKR Corporation, which is planning to sell $30 million of $6.40 cumulative preferred stock to the
Calculate the after-tax cost of preferred stock for KKR Corporation, which is planning to sell $30 million of $6.40 cumulative preferred stock to the public at a price of $38 per share. Flotation costs are $4 per share. KKR corporation has a marginal income tax rate of 25%z
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Calculate the net proceeds from the sale Multiply the number of shares by the price per share shares ...
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Contemporary Financial Management
Authors: James R Mcguigan, R Charles Moyer, William J Kretlow
10th Edition
978-0324289114, 0324289111
