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Business, 28.10.2020 17:10 sophiaaacake

A company has 200,000 shares of 8% preferred stock with $10 par in its capital structure. The preferred stock currently sells for $15. The company has a tax rate of 40%. Ignore flotation costs. The cost of preferred stock used in WACC will be:

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A company has 200,000 shares of 8% preferred stock with $10 par in its capital structure. The prefer...

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