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FINA, Inc. wants to issue preferred stocks and hires UBS, UBS advises that $12 dividend paying stocks of FINA will sell for $110. FINA is
FINA, Inc. wants to issue preferred stocks and hires UBS, UBS advises that $12 dividend paying stocks of FINA will sell for $110. FINA is subject to 30% tax rate and UBS charges $10/share for its services. What is the cost of preferred stocks for FINA, Inc.? O 10.91 % 8.4% O 12% 0 7.64%
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Behavioral Finance And Investor Types
Authors: Michael M. Pompian
1st Edition
1118011503, 978-1118011508
