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Business, 16.04.2020 02:56 erieannapickett12

A company’s perpetual preferred stock currently sells for $115.00 per share, and it pays an $8.00 annual dividend. 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. 7.32%b. 5.93%c. 6.08%d. 6.00%

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