gif, Inc. is looking at raising additional capital for a future project. For gif, Inc....
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gif, Inc. is looking at raising additional capital for a future project. For gif, Inc. to determine whether this project is worth investing in, it must first determine the cost of the capital it will use to finance the project.
(Input all answers as values with no commas, with no symbols ex. no $ or %. Input all % answers as whole numbers without symbols ex. 10.03 for .1003. Input all final answers two decimal places out.)
Q: The firm expects its preferred stocks to sell for $112.55. The firm pays a $12 annual dividend on its preferred stock. Calculate the cost of preferred stock.
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