Business, 28.11.2019 00:31, finessinsam

Acompany’s perpetual preferred stock currently sells for $102.50 per share, and it pays 8% annual dividend with a $100 par. if the company were to sell a new preferred issue, it would incur a flotation cost of 5.00% of the issue price. what is the firm's cost of preferred stock? a. 8.22%
b. 9.28%
c. 6.90%
d. 9.53%
e. 7.97%.

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Acompany’s perpetual preferred stock currently sells for $102.50 per share, and it pays 8% annual di...