Question
Tunney Industries can issue perpetual preferred shares at $ 50 per share. The issue is expected to pay a constant annual dividend of $ 3.80
Tunney Industries can issue perpetual preferred shares at $ 50 per share. The issue is expected to pay a constant annual dividend of $ 3.80 per share. The flotation cost of the issue is estimated at 5%. What will be the cost of preferred shares (rap)?
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Auditing Principles
Authors: Howard F. Stettler
3rd Edition
0130521183, 9780130521187
