What is the after-tax cost of preferred stock if it sells for $28 and pays a dividend of $0.97? Assume a tax rate of 21%

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answerhappygod
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What is the after-tax cost of preferred stock if it sells for $28 and pays a dividend of $0.97? Assume a tax rate of 21%

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What is the after-tax cost of preferred stock if it sells for $28 and pays a dividend of $0.97? Assume a tax rate of 21%.
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