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QUESTION
Structure? A 15year, 12% semiannual coupon bond sells For $1,153.72. What is the cost of debt (rd)? What is the cost of preferred stock?
Structure? A 15year, 12% semiannual coupon bond sells For $1,153.72. What is the cost of debt (rd)? What is the cost of preferred stock? The cost of preferred stock can be solved by Is preferred stock more or less risky to Investors than debt?
