Question
The firm issued a preferred stock with the par value at $8.90, with annual dividends of $0.80. The firm paid $0.70 flotation cost (of the
The firm issued a preferred stock with the par value at $8.90, with annual dividends of $0.80. The firm paid $0.70 flotation cost (of the par) to sell it. Whats the cost of preferred stocks?
10%
8.99%
9.76%
0.70%
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Handbook Of Asian Finance REITs Trading And Fund Performance
Authors: David Lee, Greg N. Gregoriou
1st Edition
0128009861, 978-0128009864
