Question
What is the cost of preferred stock if the stock is selling for $208, the dividend is $35, and flotation costs are 5% of the
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What is the cost of preferred stock if the stock is selling for $208, the dividend is $35, and flotation costs are 5% of the selling price?
a. 17.7%
b. 10.8%
c. 12.5%
d. 25.2%
Choose the correct one
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Fundamentals Of Corporate Finance
Authors: Stephen A Ross, Randolph W Westerfield, Bradford D Jordan
7th Edition
0073134295, 9780073134291
