6 of 30) A large utility firm, Lotsa Power, Inc., is currently in the 30%...
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6 of 30) A large utility firm, Lotsa Power, Inc., is currently in the 30% tax bracket pays an annual dividend to preferred stockholders in the amount of 7.3%. The dividend is based on a par value of $30.00 per share, and the stock currently selling for $27.00 per share. The cost of the preferred stock is 10.57% Cannot be determined from the information provided 17.62% 340%
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