Cost of preferred stockdetermine the cost for the following, Ask an Expert

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Cost of preferred stock

Determine the cost for the following preferred stock. ?(Click on the icon located on the? top-right corner of the data table below in order to copy its contents into a? spreadsheet.)

Par value Sale price Flotation cost Annual dividend

?$110.00 ?$104.50 ? $6.60 12?%

The cost of preferred stock is ?%. ?(Round to two decimal? places.)

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92406135

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