What is cost of preferred stock

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Jensen's Travel Agency has 10 percent preferred stock outstanding that is currently selling for $34 a share. The market rate of return is 12 percent and the firm's tax rate is 34 percent. What is Jensen's cost of preferred stock?

Reference no: EM13951644

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What is cost of preferred stock : Jensen's Travel Agency has 10 percent preferred stock outstanding that is currently selling for $34 a share. The market rate of return is 12 percent and the firm's tax rate is 34 percent. What is Jensen's cost of preferred stock?

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