Question: Unless otherwise instructed, use two (2) decimal places for both percentages and dollar amounts. This is enforced, like in Connect. If you need to enter

Unless otherwise instructed, use two (2) decimal places for both percentages

Unless otherwise instructed, use two (2) decimal places for both percentages and dollar amounts. This is enforced, like in Connect. If you need to enter units, use % for percentages, $ for dollar amounts, x for times and years for years. Question 5 (4 points) Preferred stock sells for $55.00 per share and pays an annual dividend of 9.0 percent on a par value of $100.00. If the flotation cost is 7.0 percent, new preferred stock costs the firm: Your Answer: Answer units Previous Page Next Page Page 5 of 25

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