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undefined Firm X has a tax rate of 30%. The price of its new preferred stock is $75 and its flotation cost is $3.05. The
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Firm X has a tax rate of 30%. The price of its new preferred stock is $75 and its flotation cost is $3.05. The cost of new preferred stock is 8.25%. What is the firm's dividend? Select one: $7.18 $7.56 $6.11 $5.94 $5.75Step by Step Solution
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