Question
SOS Inc. issued 5% preferred shares last year for $115.55 per share. Today those shares are trading for $98.42. The company needs additional capital and
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SOS Inc. issued 5% preferred shares last year for $115.55 per share. Today those shares are trading for $98.42. The company needs additional capital and plans to issue more preferred shares, and wishes for them to be issued at par. The companys preferred shares have a face value of $100, what dividend rate should the company offer on its new preferred shares?
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International Finance The Markets And Financial Management Of Multinational Business
Authors: Maurice D. Levi
3rd Edition
0070376875, 978-0070376878
