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please explain the steps What is the after-tax component cost of a $7 dividend, $100 par, preferred stock issued years ago. but selling for $85
please explain the steps
What is the after-tax component cost of a $7 dividend, $100 par, preferred stock issued years ago. but selling for $85 today? The are no flotation costs. The company's tax rate is 40%. 7% 08.24% 04.94% 8.45%Step by Step Solution
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