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Trivoli Industries plans to issue some $100 par preferred stock with a 10% dividend. The stock is selling on the market for $97.00, and Trivoli

Trivoli Industries plans to issue some $100 par preferred stock with a 10% dividend. The stock is selling on the market for $97.00, and Trivoli must pay flotation costs of 5% of the market price. What is the component cost of the preferred stock for Trivoli

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