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HammerTach Industries plans to issue $75 par preferred stock with a 4.0% dividend. A similar stock is currently trading in the market for $55. HammerTech

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HammerTach Industries plans to issue $75 par preferred stock with a 4.0% dividend. A similar stock is currently trading in the market for $55. HammerTech expects to pay floatation costs of 4% of the issue price. a. What is the cost of preferred stock excluding issuance costs? b. What is the cost of preferred stock including issuance costs

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