Business
Business, 18.06.2020 23:57, carsonbake

"A company's perpetual preferred stock currently sells for $105,000 per share, and it pays an $8.00 annual dividend. If the company were to sell a new preferred issue, it would incur a floatation cost of 5.00% of the issue price. What is the firm's cost of preferred stock

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"A company's perpetual preferred stock currently sells for $105,000 per share, and it pays an $8.00...

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