(Answered) Annettes travel incorporated plans to issue preferred stock

Finance

Annette's Travel Incorporated plans to issue preferred stock at a price of $50 per share. The dividend will be $4.30 per share, and issuance costs are expected to be $3.00 per share. What is the cost to Annette's Travel of raising funds with preferred stock?

A.19.15%
B.10.95%
C.13.33%
D.9.15%

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