Cost of preferred stock, Duggins Veterinary Supplies can

Cost of preferred stock

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Reference no: EM13919384

Cost of Preferred Stock

Duggins Veterinary Supplies can issue perpetual preferred stock at a price of $72.50 per share with an annual dividend of $4.50 a share. Ignoring flotation costs, what is the company's cost of preferred stock, r_ps? Round your answer to two decimal places.

Reference no: EM13919384

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