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Medco Corporation can sell preferred stock for $86 with an estimated flotation cost of $4. It is anticipated that the preferred stock will pay $6
Medco Corporation can sell preferred stock for $86 with an estimated flotation cost of $4. It is anticipated that the preferred stock will pay $6 per share in dividends. Compute the cost of preferred stock for Medco Corp. (Round your answer to 2 decimal places. Omit the "%" sign in your response.) Cost of preferred stock: Do we need to make a tax adjustment for the issuing firm
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