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COST OF PREFERRED STOCK Tunney Industries can issue perpetual preferred stock at a price of $47.50 a share. The Stock would pay a constant annual dividend of $3.80 a share. What a the company’s cost of preferred stock, r p ?

Fundamentals of Financial Manageme...

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COST OF PREFERRED STOCK Tunney Industries can issue perpetual preferred stock at a price of $47.50 a share. The Stock would pay a constant annual dividend of $3.80 a share. What a the company’s cost of preferred stock, rp?

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COST OF PREFERRED STOCK Tunney Industries can issue perpetual preferred stock at a price of $47.50 a share. The Stock would pay a constant annual dividend of $3.80 a share. What a the company’s cost of preferred stock, r_p?