Billy's Goat Coats has one issue of preferred stock outstanding with a current price of $38.89. The
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Billy's Goat Coats has one issue of preferred stock outstanding with a current price of $38.89. The company last paid a dividend on the issue of $3.50 per share. What is the company's cost of preferred equity? Round your final answer to the nearest percent.
Related Book For
Intermediate Financial Management
ISBN: 9780357516669
14th Edition
Authors: Eugene F Brigham, Phillip R Daves
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