A corporation plans to issue preferred stock. Per year dividend amount is $10 and the preferred stock
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A corporation plans to issue preferred stock. Per year dividend amount is $10 and the preferred stock is currently selling for $105. in the market. The firm needs to pay 5% flotation costs. What is the cost of preferred stock?
Related Book For
Fundamentals of Financial Management
ISBN: 978-1337395250
15th edition
Authors: Eugene F. Brigham, Joel F. Houston
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