What is the company cost of preferred stock

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Problem - Duggins Veterinary Supplies can issue perpetual preferred stock at a price of $50 a share with an annual dividend of $4.50 a share. Ignoring flotation costs, what is the company's cost of preferred stock, rps?

Reference no: EM132899086

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What is the company cost of preferred stock : Duggins Veterinary Supplies can issue perpetual preferred stock at a price of $50 a share, what is the company's cost of preferred stock, rps
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