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Schuss Inc. can sell preferred shares for $94 with an estimated flotation cost of $2.00. The preferred stock is anticipated to pay $8 per share
Schuss Inc. can sell preferred shares for $94 with an estimated flotation cost of $2.00. The preferred stock is anticipated to pay $8 per share in dividends. o. Compute the cost of preferred stock for Schuss Inc. (Round the final answer to 2 decimal places.) Cost of preferred stock 9 b. Do we need to make a tax adjustment for the issuing firm? o Yes NO
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