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38) IBM is considering raising new capital through selling new preferred stock. This new preferred stock would have a par value of $ 100 and
38) IBM is considering raising new capital through selling new preferred stock. This new preferred stock would have a par value of $ 100 and pay an annual dividend yield of 7%. they would net $97 per share after flotation costs? A. 8.5% B. 7.0% C. 7.2% What would the cost of IBM's preferred stock if E. 7.5%
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