Question
Company ABC want to issued 10 Mio preferred share with nominal value of $10000. Expected constant dividend 12%/year. The preferred stock will be sold $11000/share.
Company ABC want to issued 10 Mio preferred share with nominal value of $10000. Expected constant dividend 12%/year. The preferred stock will be sold $11000/share. The cost off issuing the preferred stock 2%. How much is the cost of preferred share capital to be borne by the company
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Financial Markets And Institutions
Authors: Peter Howells, Keith Bain
5th Edition
0273709194, 9780273709190
