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Business, 12.08.2021 22:40 ghetauto

Burnwood Tech plans to issue some $60 par preferred stock with a 8% dividend. A similar stock is selling on the market for $75. Burnwood must pay flotation costs of 5% of the issue price. What is the cost of the preferred stock

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Burnwood Tech plans to issue some $60 par preferred stock with a 8% dividend. A similar stock is sel...
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