The stock pays a dividend of 7 per share and sells for 70


Pangbourne Whitchurch has preferred stock outstanding. The stock pays a dividend of $7 per share, and sells for $70. The corporate tax rate is 35%. What is the percentage cost of the preferred stock? (Enter your answer as a whole percent.)

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Financial Management: The stock pays a dividend of 7 per share and sells for 70
Reference No:- TGS02700911

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