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HammerTach Industries plans to issue $90 par preferred stock with a 4.0% dividend. A similar stock is currently trading in the market for $75. HammerTech

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HammerTach Industries plans to issue $90 par preferred stock with a 4.0% dividend. A similar stock is currently trading in the market for $75. HammerTech expects to pay floatation costs of 4% of the issue price. What is the cost of preferred stock excluding issuance costs? What is the cost of preferred stock including issuance costs

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