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 3%. What is companys cost of preferred stock?
6.80%
6.87%
7.02%
66.667%
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How To Read A Financial Report Wringing Vital Signs Out Of The Numbers
Authors: John A. Tracy , Tage C. Tracy
9th Edition
1119606462,1119606489
