Firm cost of capital for the preferred stock

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(Cost of preferred stock)

The preferred stock of Walter Industries Inc. currently sells for $36.02 a share and pays $2.48 in dividends annually. What is the firm's cost of capital for the preferred stock?

Reference no: EM131076394

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Firm cost of capital for the preferred stock : The preferred stock of Walter Industries Inc. currently sells for $36.02 a share and pays $2.48 in dividends annually. What is the firm's cost of capital for the preferred stock?
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