Business, 03.08.2021 16:10, hectorgonzalejr333
Cost of preferred stock. Kyle is raising funds for his company by selling preferred stock. The preferred stock has a par value of $80 and a dividend rate of 6.9 %. The stock is selling for $50.39 in the market. Kyle hires Wilson Investment Bankers to sell the preferred stock. Wilson charges a fee of 3 % on the sale of preferred stock. What is the cost of preferred stock for Kyle using the investment banker?
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Cost of preferred stock. Kyle is raising funds for his company by selling preferred stock. The pref...
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