What is the firm dividend


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?

Solution Preview :

Prepared by a verified Expert
Finance Basics: What is the firm dividend
Reference No:- TGS0559198

Now Priced at $5 (50% Discount)

Recommended (96%)

Rated (4.8/5)