Computing the firm dividend

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Reference no: EM13744775

Firm X has a tax rate of 30%. The price of its new preferred stock is $63 and its flotation cost is $3.15. The cost of new preferred stock is 12%. What is the firm's dividend?

A) $7.18

B) $5.03

C) $7.56

D) none of the above.

Reference no: EM13744775

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