Question
The preferred stock of Nadine Fashions pays an annual dividend of $3.55 a share and sells for $52.5 a share. The tax rate is 31
The preferred stock of Nadine Fashions pays an annual dividend of $3.55 a share and sells for $52.5 a share. The tax rate is 31 percent. What is the firm's cost of preferred stock?
| A) 5.29% | ||
| B) 7.88% | ||
| C) 4.74% | ||
| D) 7.05% | ||
| E) 6.76% |
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Finance For IT Decision Makers
Authors: Michael Blackstaff
1st Edition
3540762329, 978-3540762324
