Question
Lowell Inc. wants to issue preferred stock at a price of $30 a share. The issue is expected to pay a annual dividend of $2
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Lowell Inc. wants to issue preferred stock at a price of $30 a share. The issue is expected to pay a annual dividend of $2 a share. The flotation cost on the issue will be 2%. What is companys cost of preferred stock?
6.80%
6.87%
7.02%
66.667%
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The Handbook Of Mergers And Acquisitions
Authors: David Faulkner, Satu Teerikangas, Richard J. Joseph
1st Edition
0199601461, 978-0199601462
