Question
A corporation has an issue of preferred stock with an annual dividend rate of 7% of par. Par value is $100 per share. The issue
A corporation has an issue of preferred stock with an annual dividend rate of 7% of par. Par value is $100 per share. The issue price of the preferred stock is $102 per share with flotation costs of 1% of par. What is the cost of preferred stock for the corporation?
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International Finance Transactions Policy And Regulation
Authors: Hal Scott, Anna Gelpern
20th Edition
1609303164, 978-1609303167
