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Firm X has a tax rate of 30%. The price of its new preferred stock is $75 and its flotation cost is $3.00. The cost
Firm X has a tax rate of 30%. The price of its new preferred stock is $75 and its flotation cost is $3.00. The cost of new preferred stock is 7.25%. What is the firm's dividend?
Select one:
$7.18
NOT ENOUGH DATA TO ANSWER
$5.22
$5.94
$5.75
$6.12
$7.56
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