Component cost of preferred stock

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ILK has preferred stock selling for 96 percent of par that pays a 5 percent annual coupon. What would be ILK’s component cost of preferred stock? (Round your answer to 2 decimal places.)

Cost of preferred stock %

Reference no: EM131057642

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Component cost of preferred stock : ILK has preferred stock selling for 96 percent of par that pays a 5 percent annual coupon. What would be ILK’s component cost of preferred stock?

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