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How would I setup the below information in excel format w/ the formula? The correct answer is: 14.8 Your firm, People's Consulting Group, has been

How would I setup the below information in excel format w/ the formula?

The correct answer is: 14.8

Your firm, People's Consulting Group, has been asked to consult on a potential preferred stock offering by Brave New World. This 14% preferred stock issue would be sold at its par value of $45 per share. Flotation costs would total $2.50 per share

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