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can you answer this ASAP Ghoderdhan Industries preferred stock pays an annual dividend of $2 per share. When first issued a number of years ago,
can you answer this ASAP
Ghoderdhan Industries preferred stock pays an annual dividend of $2 per share.
When first issued a number of years ago, the shares sold for their par value of $50 per share.
Ghoderdhan Industries tax rate is 40%.
What is the after-tax cost of preferred equity if the current price of this preferred stock is $62.50 per share?
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