Determine the cost for the following preferred stock. Par value Sale price Flotation cost Annual dividend $110.00

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Determine the cost for the following preferred stock.

Par value Sale price Flotation cost Annual dividend

$110.00 $104.50 $6.60 12%

The cost of preferred stock is %. (Round to two decimal places.)

Related Book For answer-question

Principles of Managerial Finance

ISBN: 978-0134476315

15th edition

Authors: Chad J. Zutter, Scott B. Smart

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Posted Date: Oct 20, 2020 08:46 PM

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Determine the cost for the following preferred stock. Par value Sale price Flotation cost Annual dividend $110.00

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Principles of Managerial Finance

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