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Business, 23.07.2019 13:30 destinybonmer

The well derrick has 5.5 percent preferred stock outstanding that sells for $48 a share. this stock was originally issued at $45 per share. what is the cost of preferred stock if the firm’s tax rate is 35 percent?

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The well derrick has 5.5 percent preferred stock outstanding that sells for $48 a share. this stock...
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