Question: 18. Viking Technologies plans to issue some $50 par preferred stock with a 5% dividend. Viking's investment bankers expect the preferred issue to sell for

18. Viking Technologies plans to issue some $50 par preferred stock with a 5% dividend. Viking's investment bankers expect the preferred issue to sell for $45 per share. Viking must pay flotation costs of 7% of the issue price. What is the cost of the preferred stock?AnER9 5.97% 6.83% 7.74% 5.00% C

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