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Business, 08.12.2020 16:40 okayfine3411

A company's perpetual preferred stock currently sells for $82 per share, and pays an annual dividend of $3.00. In issuing the preferred shares, the company incurs flotation costs of 13%. The company's cost of preferred stock is %

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A company's perpetual preferred stock currently sells for $82 per share, and pays an annual dividend...
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