Your firm has been asked to consult on a potential preferred stock offering by Demo Inc. This
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Your firm has been asked to consult on a potential preferred stock offering by Demo Inc. This 18% preferred stock issue would be sold at its par value of $28 per share. Flotation costs would total $4.00 per share. Calculate the cost of this preferred stock. Please show work.
Related Book For
Principles Of Managerial Finance
ISBN: 978-0136119463
13th Edition
Authors: Lawrence J. Gitman, Chad J. Zutter
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