Firm x has a tax rate of 30 the price of its new preferred
Firm X has a tax rate of 30%. The price of its new preferred stock is $63 and its flotation cost is $3.15. The cost of new preferred stock is 12%. What is the firm's dividend?
A) $7.18
B) $5.03
C) $7.56
D) none of the above.
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