Question
(Cost of preferred stock) The preferred stock of Walter Industries Inc. currently sells for $36.02 a share and pays $3.48 in dividends annually. What is
(Cost of preferred stock) The preferred stock of Walter Industries Inc. currently sells for $36.02 a share and pays $3.48 in dividends annually. What is the firm's cost of capital for the preferred stock?
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Real Estate Finance
Authors: John P. Wiedemer, Keith J. Baker
9th edition
324181426, 324181425, 978-0324181425
