Question: QUESTION 3 Show your work for credit. 4 points A firm has an issue of preferred stock at pays an annual dividend of $7.00 per

QUESTION 3 Show your work for credit. 4 points A firm

QUESTION 3 Show your work for credit. 4 points A firm has an issue of preferred stock at pays an annual dividend of $7.00 per share and is currently selling for $74.50 per share. Finally, the firm's marginal tax rate is 34%. What is this firm's cost of preferred stock? For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac). BIUS Paragraph System Font 12pt V AVA

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