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If the tax rate is 21%, what is the cost of preferred stock that sells for $36 per share and has a yield of 1.28%,
If the tax rate is 21%, what is the cost of preferred stock that sells for $36 per share and has a yield of 1.28%, and a face value of $100? (Be careful, in this question, I am giving you the yield. You need to find $$dividend first).
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