Component cost of preferred stock

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IVY has preferred stock selling for 97.7 percent of par that pays a 7.3 percent annual coupon. What would be IVY's component cost of preferred stock?

Reference no: EM131890559

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Component cost of preferred stock : IVY has preferred stock selling for 97.7 percent of par that pays a 7.3 percent annual coupon. What would be IVY's component cost of preferred stock?
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