Question: 14. ack to Assignment Attempts Average / 1 14. Problem 10.14 (Cost of Preferred Stock including Flotation) eBook Travis Industries plans to issue perpetual preferred

14.

ack to Assignment Attempts Average / 1 14. Problem 10.14 (Cost of Preferred Stock including Flotation) eBook Travis Industries plans to issue perpetual preferred stock with an $11.00 dividend. The stock is currently selling for $103.50, but flotation costs will be 6% of the market price, so the net price will be $97.29 per share. What is the cost of the preferred stock, including flotation? Round your answer to two decimal places. % Grade it Now Save & Continue Continue without saving M GO 0 2:1

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