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need help asap A preferred stock of a company is paying 4.5% dividend on par value ($25 Par), and can be sold to net $20
need help asap
A preferred stock of a company is paying 4.5% dividend on par value ($25 Par), and can be sold to net $20 per share. The corporate tax rate is 25%.
A). what is the cost of preferred stock to this company? Before tax
B). what is the cost of preferred stock to this company? After tax
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