Business, 21.12.2020 18:20 evanwall91
The 7.5 percent preferred stock of Rock Bottom Floors is selling for $60 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) 14.14 percent
b) 7.50 percent
c) 12.50 percent
d) 13.79 percent
e) 8.13 percent
Answers: 3
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The 7.5 percent preferred stock of Rock Bottom Floors is selling for $60 a share. What is the firm's...
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