What is the firm cost of preferred stock

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Question - The 7.5 percent preferred stock of tanners floors is selling for $57 a share. What is the firm's cost of preferred stock if the tax rate is 35 percent and the par value per share is $100?

a- 11.69 percent

b- 12.81 percent

c- 13.16 percent

d- 13.79 percent

e- 14.14 percent

Reference no: EM131798391

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