Question
A company's perpetual prefererd stock currently sells for $115.00 per share, and it pays a $8.00 annual dividend. If the company were to sell a
A company's perpetual prefererd stock currently sells for $115.00 per share, and it pays a $8.00 annual dividend. If the company were to sell a new pereferred issue, it would incur a flotation cost of 5% of the issue price. What is the firm's cost of preferred stock?
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Financial Analysis With Microsoft Excel 2016
Authors: Timothy R. Mayes, Todd M. Shank
8th Edition
1337298042, 9781337298049
