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Estimating Cost of Preferred Equity Capital and WACC the consolidated balance sheets of JP Morgan Chase show that the company has 2,606,750 shares of preferred

Estimating Cost of Preferred Equity Capital and WACC the consolidated balance sheets of JP Morgan Chase show that the company has 2,606,750 shares of preferred stock outstanding at the end of fiscal 2018. That preferred stock has a book value of $10,000 per share. Explain how to incorporate the cost of preferred equity capital into the estimation of the weighted average cost of capital.

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