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pompa pompa
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7 years ago
A corporation has $5,000,000 of 8 percent preferred stock outstanding and a 40 percent tax rate. The after-tax cost of the preferred stock is ________.
A) $400,000
B) $240,000
C) $666,667
D) $160,000
Textbook 
Principles of Managerial Finance

Principles of Managerial Finance


Edition: 14th
Authors:
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UlainUlain
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Posts: 1013
7 years ago
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pompa Author
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7 years ago
Correct Slight Smile TY
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Yesterday
You make an excellent tutor!
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2 hours ago
I appreciate what you did here, answered it right Smiling Face with Open Mouth
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