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QUESTION 6 Continue considering Firm XYZ. If the dividends for Firm XYZ are the same for common and preferred stock, and the price for common

QUESTION 6

"Continue considering Firm XYZ. If the dividends for Firm XYZ are the same for common and preferred stock, and the price for common stock is $16. What would be the cost of equity? Express your answers in strictly numerical terms. For example, if the answer is 5%, write 0.05"

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