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Your firm is planning to issue preferred stock. The stock sells for $115; however, if new stock is issued, the company would receive only $98.
Your firm is planning to issue preferred stock. The stock sells for $115; however, if new stock is issued, the company would receive only $98. The par value of the stock is $100, and the dividend rate is 14 percent. what is the cost of capital for the stock to your firm
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The Oxford Handbook Of Hedge Funds
Authors: Douglas Cumming, Sofia Johan, Geoffrey Wood
1st Edition
0198840950, 978-0198840954
