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E9-2 Your firm, People's Consulting Group, has been asked to consult on a potential pre ferred stock offering by Brave New World. This 9% preferred

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E9-2 Your firm, People's Consulting Group, has been asked to consult on a potential pre ferred stock offering by Brave New World. This 9% preferred stock issue would be sold at its par value of $55 per share. Flotation costs would total $3 per share. Cal- culate the cost of this preferred stock. ef's aphy.pdf

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