The nominal cost of preferred equity

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Reference no: EM131317032

An issue of preferred stock pays a $2.57 dividend each quarter, and is currently trading at $79 per share. The nominal cost of preferred equity, Rp, from this source of funding is %. Do not round intermediate work, but round your 'final' answer to 2 decimal places (example: if your answer is 12.34567%, you should enter 12.35).

Reference no: EM131317032

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