A firms preferred stock pays an annual dividend of 4 and
A firm's preferred stock pays an annual dividend of $4, and the stock sells for $73. Flotation costs for new issuances of preferred stock are 7% of the stock value. What is the after-tax cost of preferred stock if the firm's tax rate is 35%?
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a firms preferred stock pays an annual dividend of 4 and the stock sells for 73 flotation costs for new issuances of
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