Question
A companys perpetual preferred stock currently sells for $92.50 per share, and it pays an $8.00 annual dividend.If the company were to sell a new
A companys perpetual preferred stock currently sells for $92.50 per share, and it pays an $8.00 annual dividend.If the company were to sell a new preferred issue, it would incur a flotation cost of 5.00% of the issue price.What is the firm's cost of preferred stock?
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Elasticity Theory Applications And Numerics
Authors: Martin H. Sadd Ph.D.
4th Edition
0128159871, 978-0128159873
