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Question 14 Assume that a firm can issue preferred stock that has a $70 par value and pays a 15.0% annal dividend each year. The
Question 14 Assume that a firm can issue preferred stock that has a $70 par value and pays a 15.0% annal dividend each year. The firm's investment bankers believe that investors will be willing to pay $84.00 per share and that flotation costs will be equal to $9.97 per share. Given this information
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