=+LG 4 P97 Cost of preferred stock Mavis Taylor Corporation has just issued preferred stock. The stock
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=+LG 4 P9–7 Cost of preferred stock Mavis Taylor Corporation has just issued preferred stock.
The stock has a 6% annual dividend and a $100 par value, and was sold at $98.5 per share. Flotation costs were an additional $3 per share.
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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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