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Business, 06.05.2020 23:01 ellamai16

A firm's preferred stock pays an annual dividend of $3, and the stock sells for $84. Flotation costs for new issuances of preferred stock are 8% 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 $3, and the stock sells for $84. Flotation costs...
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