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betterway betterway
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7 years ago
A firm has issued 10 percent preferred stock, which sold for $100 per share par value. The cost of issuing and selling the stock was $2 per share. The firm's marginal tax rate is 40 percent. The cost of the preferred stock is ________.
A) 3.9 percent
B) 6.1 percent
C) 9.8 percent
D) 10.2 percent
Textbook 
Principles of Managerial Finance

Principles of Managerial Finance


Edition: 14th
Authors:
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donnabandonnaban
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betterway Author
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7 years ago
Smart ... Thanks!
annielin111
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Yesterday
You make an excellent tutor!
lubennick
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2 hours ago
Brilliant ツ
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