Tiny component cost of preferred stock

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Tiny has preferred stock selling for 109.8 percent of par that pays an 8.2 percent annual coupon. What would be Tiny's component cost of preferred stock?

Reference no: EM131701609

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Tiny component cost of preferred stock : Tiny has preferred stock selling for 109.8 percent of par that pays an 8.2 percent annual coupon. What would be Tiny's component cost of preferred stock?
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