Burns Power is considering issuing new preferred stock with a par value of $100 and an annual dividend yield of 10%. The company's tax rate is 40%. What is Burns cost of preferred stock if the new issue is expected to net the company $90 per share?
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Home » Business » Burns Power is considering issuing new preferred stock with a par value of $100 and an annual dividend yield of 10%. The company's tax rate is 40%. What is Burns cost of preferred stock if the new issue is expected to net the company $90 per share?