Radio Gaga can issue preferred shares at $25 with an annual dividend of$1.50. Flotation expenses of a
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Radio Gaga can issue preferred shares at $25 with an annual dividend of$1.50. Flotation expenses of a new issue will be 5 percent. What is the cost of a preferred share issue?
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The flotation expenses for the new issue are 5 of the 25 preferred share price or 125 The total cost ...View the full answer
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Related Book For
Foundations Of Financial Management
ISBN: 9781259265921
11th Canadian Edition
Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen, Doug Short, Michael Perretta
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