What is the after-tax cost of preferred stock if the firms


A firm is paying an annual dividend of $9.00 for its preferred stock which is selling for $67.00. There is a selling cost of $3.00. What is the after-tax cost of preferred stock if the firm's tax rate is 33%? (Round your answer to 2 decimal places.)

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Financial Management: What is the after-tax cost of preferred stock if the firms
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