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Equation 9-5 features net proceeds per preferred share. Is this a book value or a market value? (9-5) Cost of preferred stock (kps) = preferred
Equation 9-5 features "net proceeds per preferred share." Is this a book value or a market value?
(9-5) Cost of preferred stock (kps) = preferred stock dividend net proceeds per preferred share Note that the net proceeds per share are equal to the price per share of preferred stock minus flotation cost per share of newly issued preferred stockStep by Step Solution
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