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Yourfirm, People's ConsultingGroup, has been asked to consult on a potential preferred stock offering by Brave New World. This 13 13 % preferred stock issue

Yourfirm, People's ConsultingGroup, has been asked to consult on a potential preferred stock offering by Brave New World. This 13

13% preferred stock issue would be sold at its par value of $35

35 per share. Flotation costs would total $3.00

3.00 per share. Calculate the cost of this preferred stock

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