Business, 01.12.2021 01:00, foreignev

Travis Industries plans to issue perpetual preferred stock with an $11.00 dividend. The stock is currently selling for $92.50, but flotation costs will be 8% of the market price, so the net price will be $85.10 per share. What is the cost of the preferred stock, including flotation

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Travis Industries plans to issue perpetual preferred stock with an $11.00 dividend. The stock is cur...