=+LG 4 E92 Peoples Consulting Group has been asked to consult on a potential preferred stock offering
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=+LG 4 E9–2 People’s Consulting Group has been asked to consult on a potential preferred stock offering by Brave New World. This 9% preferred stock issue would be sold at its par value of $55 per share. Flotation costs would total $3 per share. Calculate the cost of this preferred stock.
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Related Book For 
Principles Of Managerial Finance
ISBN: 9781292261515
15th Global Edition
Authors: Chad J. Zutter, Scott Smart
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