A firm is paying an annual dividend of $3.63 for its preferred stock which is selling for $62.70.There is a selling cost of $3.30.What is the after tax cost of preferred stock if the firm's tax rate is 33%?

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The Answer of A firm is paying an annual dividend of $3.63 for its preferred stock which is selling for $62.70.There is a selling cost of $3.30.What is the after tax cost of preferred stock if the firm's tax rate is 33%?

A Firm Is Paying an Annual Dividend of $3