Examlex
The cost of perpetual preferred stock is found as the preferred's annual dividend divided by the market price of the preferred stock. No adjustment is needed for taxes because preferred dividends, unlike interest on debt, are not deductable by the issuing firm.
Patrol
A patrol refers to the act of moving through an area at regular intervals for security purposes, often conducted by military, police, or security personnel to ensure safety and enforce laws.
75th Percentile
A statistical measure indicating that 75% of the observed values are below this point, showcasing an upper quantile range.
Snowfall
The phenomenon of snow flakes falling from the sky, usually measured in inches or centimeters.
Standard Deviation (σ)
An approach to gauge the level of inconsistency or scatter within data values.
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