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Travis Industries plans to issue perpetual preferred stock withan $11.00 dividend. The stock is currently selling for $89.00, butflotation costs will be 8% of the

Travis Industries plans to issue perpetual preferred stock withan $11.00 dividend. The stock is currently selling for $89.00, butflotation costs will be 8% of the market price, so the net pricewill 2 answers

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