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Business, 01.03.2021 20:40 ErrorNameTaken505

g JJ firm issues preferred dividends at an annual rate of $5.6. Its current preferred stock price is $26.07. Assume that the equity beta for JJ is 1.04. The Yield on 10-year treasuries is 3.53%, and that the market risk premium for the year is 6%. The company's EPS expected growth is 4%. For this year, the dividends for JJ firm are the same for common and preferred stock; additionally the price for common stock is $31. What is the preferred cost of equity for JJ Firm

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