Question: 6. G. Valt & Co. is a firm whose preferred stock pays an annual dividend of $3.60. It is in the 8% tax bracket and

6. G. Valt \& Co. is a firm whose preferred stock

6. G. Valt \& Co. is a firm whose preferred stock pays an annual dividend of $3.60. It is in the 8% tax bracket and has a cost of capital of 8% a) Find the value of G. Valt's preferred stock b) Find the after tax cost of G. Valt's debt

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