Question: Quantitative Problem: Barton Industries can issue perpetual preferred stock at a price of $50 per share. The stock wi constant annual dividend of $3.10 per

Quantitative Problem: Barton Industries can issue perpetual preferred stock at a price of $50 per share. The stock wi constant annual dividend of $3.10 per share. If the firm's marginal tax rate is 40%, what is the company's cost of prefe Round your answer to 2 decimal places. %

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