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Travis Industries plans to issue perpetual preferred stock with an $11,00 dividend. The stock is currently selling for $110.50, but fotation costs will be 7%
Travis Industries plans to issue perpetual preferred stock with an $11,00 dividend. The stock is currently selling for $110.50, but fotation costs will be 7% of the market price, so the net price will be 5102.77 per share. What is the cost of the prelerred stock, including flotation? Round your answer to two decimal places
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Finance And Sustainability
Authors: William Sun, Celine Louche, Roland Perez
1st Edition
1780520921, 978-1780520926
