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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

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

Abhinav 05-Dec-2019

Answer (UnSolved)

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