Burnwood Tech plans to issue some $25 par preferred stock with a 6% dividend. The stock is

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Burnwood Tech plans to issue some $25 par preferred stock with a 6% dividend. The stock is selling on the market for $27.00, and Burnwood must pay flotation costs of 4% of the market price. What is the cost of the preferred stock?

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Financial Management Theory And Practice

ISBN: 978-0176583057

3rd Canadian Edition

Authors: Eugene Brigham, Michael Ehrhardt, Jerome Gessaroli, Richard Nason

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Question Posted: Jun 13, 2019 11:29 AM

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Burnwood Tech plans to issue some $25 par preferred stock with a 6% dividend. The stock is

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Financial Management Theory And Practice

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