Multiple Choice
Firm X has a tax rate of 30%.The price of its new preferred stock is $63 and its flotation cost is $3.15.The cost of new preferred stock is 12%.What is the firm's dividend?
A) $7.18
B) $5.03
C) $7.56
D) $6.30
Correct Answer:
Verified
Correct Answer:
Verified
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