If a company can issue new, $3 dividend preferred stock at $30 per share, its average tax rate is 35 percent and its marginal tax rate is 40 percent, its cost of preferred stock is closest to:

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The Answer of If a company can issue new, $3 dividend preferred stock at $30 per share, its average tax rate is 35 percent and its marginal tax rate is 40 percent, its cost of preferred stock is closest to:

If a Company Can Issue New, $3 Dividend Preferred Stock