Question: Quantitative Problem: Barton Industries can issue perpetual preferred stock at a price of $ 5 8 per share. The stock would pay a constant annual

Quantitative Problem: Barton Industries can issue perpetual preferred stock at a price of $58 per share. The stock would pay a constant annual dividend of $3.30 per share. If
the firm's marginal tax rate is 25%, what is the company's cost of preferred stock? Round your answer to two decimal places.
%
Quantitative Problem: Barton Industries can issue perpetual preferred stock at a

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