Moore Financing Corporation has preference shares in its capital structure paying a dividend of $3.75 and selling for $25.00.If the marginal tax rate for Moore is 34%,what is the after-tax cost of preference financing?

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The Answer of Moore Financing Corporation has preference shares in its capital structure paying a dividend of $3.75 and selling for $25.00.If the marginal tax rate for Moore is 34%,what is the after-tax cost of preference financing?

Moore Financing Corporation Has Preference Shares in Its Capital Structure