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What is the after-tax cost of preferred stock for Cullumber

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Question - Sunland Wok Co. is expected to pay a dividend of $1.20 one year from today on its common shares. That dividend is expected to increase by 5.00 percent every year thereafter. If the price of Sunland common stock is $15.00, what is the cost of its common equity capital?

Cullumber Luxury Liners has preferred shares outstanding that pay an annual dividend equal to $22 per year. If the current price of Cullumber preferred shares is $137.50, what is the after-tax cost of preferred stock for Cullumber?

Reference no: EM133013971

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