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Business, 08.04.2021 17:00 jakeit432

Cost of preferred stock. Kyle is raising funds for his company by selling preferred stock. The preferred stock has a par value of ​$ and a dividend rate of ​%. The stock is selling for ​$ in the market. Kyle hires Wilson Investment Bankers to sell the preferred stock. Wilson charges a fee of ​% on the sale of preferred stock. What is the cost of preferred stock for Kyle using the investment​ banker? 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 prefe...
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