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Travel Agency has 10 percent preferred stockoutstanding that is currently selling for $36

Travel Agency has 10 percent preferred stockoutstanding that is currently selling for $36 a share. The marketrate of return is 9 percent and the firm's tax rate is 34 percent.What is Jensen's cost of preferred stock?

27.78 percent

9.44 percent

13.60 percent

25.00 percent

6.60 percent

Dec 05 2019 Read more Less More

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