Firm X has a tax rate of 30%. The price of its new preferred stock is $75 and its flotation cost is $3.15. The cost of new preferred stock is 8%. What is the firm's dividend?
A) $7.18
B) $5.75
C) $7.56
D) $4.03

Question

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The Answer of Firm X has a tax rate of 30%. The price of its new preferred stock is $75 and its flotation cost is $3.15. The cost of new preferred stock is 8%. What is the firm's dividend?
A) $7.18
B) $5.75
C) $7.56
D) $4.03

Firm X Has a Tax Rate of 30