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2. Given that your agribusiness company has sold a 10% preferred shares with a par value of 500 and the current market price is K490

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2. Given that your agribusiness company has sold a 10% preferred shares with a par value of 500 and the current market price is K490 per share, what is the cost of this capital component (preferred stock) if flotation costs are 2% of the market price

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