Question: Attempts Keep the Hight / 9. Problem 10.14 (Cost of Preferred Stock Including Flotation) ebook Travis Industries plans to perpetual preferred stock with an $11.00

Attempts Keep the Hight / 9. Problem 10.14 (Cost of Preferred Stock Including Flotation) ebook Travis Industries plans to perpetual preferred stock with an $11.00 dividend. The stock currently weling for $112.50, but notations will be of the market price, so the Det price will be $100 per share. What is the cost of the preferred stock, including Motion Round your answer to two decima per AZ

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