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ILK has preferred stock selling for 95 percent of par that pays a 8 percent annual coupon. What would be ILKs component cost of preferred
ILK has preferred stock selling for 95 percent of par that pays a 8 percent annual coupon. |
What would be ILKs component cost of preferred stock? (Round your answer to 2 decimal places.) |
Cost of preferred stock | % |
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