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hello this is my question preferred stock paying 9% dividend on a $150 par value. If a neww issue is offered, flotation costs will be
hello this is my question
preferred stock paying 9% dividend on a $150 par value. If a neww issue is offered, flotation costs will be 12 percent of the current price of $175.
First I do not know what the question is asking, and I need help solving this as well please.
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