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[(# of shares authorized X par value) + additional paid in capital] / # of shares issued

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12y ago

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Tunney Industries can issue perpetual preferred stock at a price of 47.50 a share The issue is expected to pay a constant annual dividend of 3.80 a share What is the company's cost of preferred st?

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Tunney Industires can issue perpetual preferred stock at a price of 47.50 per share The stock would pay a constant annual dividend of 3.80 a share What is the company's cost of preferred stock?

.80


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