Cost of preferred stock your firm is planning to issue, Ask an Expert

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(Cost of preferred stock) Your firm is planning to issue preferred stock. The stock sells for $114; however, if new stock is issued, the company would receive only $101.46. The par value of the stock is $100, and the dividend rate is 15 percent. What is the cost of capital for the stock to your firm? (round to two decimal places)

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Financial Management, Finance

Category:- Financial Management
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