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Rickos Rickos
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6 years ago
Spencer Bioengineering's preferred stock has a par value of $100 and pays a dividend of $4.50.  The current price of Spencer's preferred is $75.  Spencer's tax rate is 34%.  The before tax and after tax cost of preferred equity to Spencer is
A) 4.5%, 2.97%.
B) 6.00%, 3.96%.
C) 6.00% , 6.00%.
D) 8.04%, 6.00%.
Textbook 
Financial Management: Principles and Applications

Financial Management: Principles and Applications


Edition: 13th
Authors:
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vanrheevanrhee
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