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The 7.5 percent preferred stock of tanners floors is selling for $57 a share. What is the firm's cost of preferred stock if the tax

The 7.5 percent preferred stock of tanners floors is selling for $57 a share. What is the firm's cost of preferred stock if the tax rate is 35 percent and the par value per share is $100? a- 11.69 percent b- 12.81 percent c- 13.16 percent d- 13.79 percent e- 14.14 percent

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