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Toy.sold10,000sharesof$150.00parvaluepreferredstockwitharequired10.0%annualdividendatanissuepriceof$140.00pershare.Assumingthatflotationcostsrelatedtothepreferredstockis$5.00pershareandthecompany'smarginaltaxrateis40%,whatisToyscostofpreferredstockcapital(rounded)? answer=11.1; will you show the work?

  • Toy.sold10,000sharesof$150.00parvaluepreferredstockwitharequired10.0%annualdividendatanissuepriceof$140.00pershare.Assumingthatflotationcostsrelatedtothepreferredstockis$5.00pershareandthecompany'smarginaltaxrateis40%,whatisToyscostofpreferredstockcapital(rounded)?
  • answer=11.1; will you show the work?

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