Duggins Veterinary Supplies can issue perpetual preferred stock at a price of $50 a share with an
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dividend of $4.50 per share. Duggins must pay flotation costs of 5% of the issue price. What is the Duggin's
cost of preferred stock?
Related Book For
Corporate Finance A Focused Approach
ISBN: 978-1439078082
4th Edition
Authors: Michael C. Ehrhardt, Eugene F. Brigham
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