Fuller, Inc. issued $100, 8% preferred stock five years ago. The shares are currently selling for $84.50.

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Fuller, Inc. issued $100, 8% preferred stock five years ago. The shares are currently selling for $84.50. Assuming Fuller has to pay floatation costs of 10%, what is Fuller’s cost of preferred stock?

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Practical Financial Management

ISBN: 978-1133593683

7th edition

Authors: William R. Lasher

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Question Posted: May 14, 2015 11:11 AM

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Fuller, Inc. issued $100, 8% preferred stock five years ago. The shares are currently selling for $84.50.

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Practical Financial Management

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