2.) If the dividends paid on a preferred stock issue are $7.7 per share and the price of the stock after subtracting flotation costs is $27, calculate cost of preferred stock.

If the answer is 10.82% enter 10.82

Assignment (EX2)

If the dividends paid on a preferred stock issue are $7.7 per share and the price of the stock after subtracting flotation costs is $27, calculate cost of preferred stock. If the answer is 10.82% enter 10.82