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he ABC Corp has issued preferred stock with a coupon rate of 3.5%. Its current price is $46. The rate on 90-day Treasury bills is
he ABC Corp has issued preferred stock with a coupon rate of 3.5%. Its current price is $46. The rate on 90-day Treasury bills is 2.5%.What is the cost of the preferred stock?
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Fundamentals Of Corporate Finance
Authors: Jonathan Berk, Peter DeMarzo, Jarrad Harford
5th Edition
0135811600, 978-0135811603
