Question
Your firm is planning to issue preferred stock. The stock is expected to sell for $97.94 a share and will have a $100 par value
Your firm is planning to issue preferred stock. The stock is expected to sell for $97.94a share and will have a $100par value on which the firm will pay a 13.4percent dividend. What is the cost of capital to the firm for the preferredstock?
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Fundamentals Of Corporate Finance
Authors: Stephen Ross, Randolph Westerfield, Bradford Jordan
13th Edition
1265553602, 978-1265553609
