(Answered) Bosio incs perpetual pr4ferred stock sells for 9750 per

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Bosio Inc's perpetual pr4ferred stock sells for $97.50 per share, and it pay 's an $8.50 annual dividend. If the company were to sell a new preferred issue, it would incur a flotation cost of 4.00% of the price paid by investors What is the company's cost of perferred stock for use in calculating the WACC.

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