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March 29, 2015

Homework Help: finace

Posted by Sasha on Thursday, January 12, 2012 at 9:23pm.

The 6 percent preferred stock of Mercer Livestock is selling for $62 a share. What is the firm's cost of preferred stock if the tax rate is 34 percent and the par value per share is $100? (Please calculate the arithmetic solution and show your work)

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