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Your firm, People's Consulting Group, has been asked to consult on a potential preferred stock offering by Brave New World. This 1515% preferred stock issue
Your firm, People's Consulting Group, has been asked to consult on a potential preferred stock offering by Brave New World. This
1515%
preferred stock issue would be sold at its par value of
$6060
per share. Flotation costs would total
$3.503.50
per share. Calculate the cost of this preferred stock.
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