A few years ago, Hendersen Corp. issued preferred stock paying 8% of its par value of $46. The issue is currently selling for $36. Preferred
A few years ago, Hendersen Corp. issued preferred stock paying 8% of its par value of $46. The issue is currently selling for $36. Preferred stock flotation costs are 10% of the proceeds of the sale. What is Hendersen's cost of preferred stock? Round the answer to two decimal places.
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Authors: Robert Higgins, Jennifer Koski, Todd Mitton
13th Edition
1260772365, 978-1260772364
