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Business, 06.03.2020 22:13 naomi12360

A firm's preferred stock pays an annual dividend of $2, and the stock sells for $65. Flotation costs for new issuances of preferred stock are 5% of the stock value. What is the after-tax cost of preferred stock if the firm's tax rate is 30%

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A firm's preferred stock pays an annual dividend of $2, and the stock sells for $65. Flotation costs...
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