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Dante52 Dante52
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2 months ago
James Bay Water Park Company's preferred shares pay an annual dividend of $3 per share. What is the cost of preferred stock if the current price is $80 per share and after-tax flotation costs are $6 per share?

▸ 4.05%

▸ 7.50%

▸ 7.79%

▸ 3.75%
Textbook 
Corporate Finance

Corporate Finance


Edition: 5th
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rectorrector
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Dante52 Author
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Brilliant
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Thanks
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Thanks for your help!!
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