Business, 10.12.2019 05:31, nepats222

Acompany’s perpetual preferred stock sells for $102.50 per share, and pays a $9.50 annual dividend. if the company were to issue a new preferred issue, a flotation cost of 4.00% would be paid to the investment bankers. what is the company's cost of issuing new preferred stock?

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Acompany’s perpetual preferred stock sells for $102.50 per share, and pays a $9.50 annual dividend....