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Pangbourne Whitchurch has preferred stock outstanding. The stock pays a dividend of $6 per share, and sells for $30. The corporate tax rate is 35%.
Pangbourne Whitchurch has preferred stock outstanding. The stock pays a dividend of $6 per share, and sells for $30. The corporate tax rate is 35%. What is the percentage cost of the preferred stock?
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International Finance Putting Theory Into Practice
Authors: Piet Sercu
1st edition
069113667X, 978-0691136677
