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ABC Inc. wants to issue preferred stock at a price of $30 a share. The issue is expected to pay a annual dividend of $2
ABC Inc. wants to issue preferred stock at a price of $30 a share. The issue is expected to pay a annual dividend of $2 a share. The flotation cost on the issue will be 5%. What is companys cost of preferred stock?
a. 7.407% b. 7.070% c. 6.897% d. 66.667% e. 10.000%
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