Question
Duggins Veterinary Supplies can issue perpetual preferred stock at a price of $70 a share with an annual dividend of $5.00 a share. Ignoring flotation
Duggins Veterinary Supplies can issue perpetual preferred stock at a price of $70 a share with an annual dividend of $5.00 a share. Ignoring flotation costs, what is the company's cost of preferred stock, rps? Round your answer to two decimal places.
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International Financial Management
Authors: Jeff Madura, Roland Fox
5th Edition
1473770505, 978-1473770508
