Trivoli Industries plans to issue a $100 par perpetual preferred stock with an 11 percent dividend. It
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Trivoli Industries plans to issue a $100 par perpetual preferred stock with an 11 percent dividend. It is currently selling for $97.00, but flotation costs will be 5 percent of the market price, so the net price will be $92.15 per share. What is the cost of the preferred stock, including flotation?
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Related Book For 
Fundamentals of Financial Management
ISBN: 978-0324302691
11th edition
Authors: Eugene F. Brigham, Joel F. Houston
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