Cost of preferred stock Taylor Systems has just issued preferred stock. The stock has a 11% annual dividend and a $75 par value and was
Cost of preferred stockTaylor Systems has just issued preferred stock. The stock has a 11%
annual dividend and a $75 par value and was sold at 76.50 per share. In addition, flotation costs of 6.75
per share were paid. Calculate the cost of the preferred stock.
*Round to TWO decimal places.
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Authors: Hal Scott, Anna Gelpern
21st Edition
1634602048, 978-1634602044
