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2. To raise P50 M for its expansion projects Barricade Security Industries is issuing 125000 shares of preferred stock. If each share is guaranteed an

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2. To raise P50 M for its expansion projects Barricade Security Industries is issuing 125000 shares of preferred stock. If each share is guaranteed an annual dividend of P32.00, determine a) the par value of the stock; b) the cost of capital for the company. (Ans. P400/share; 8% )

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