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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 public
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%. 14.12% 18.82% 16.84% 12.63%
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Derivatives And Internal Models
Authors: H. Deutsch
4th Edition
1349307661, 9781349307661
