Klieman companys perpetual preferred stock sells for 90 per, Ask an Expert

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Klieman Company's perpetual preferred stock sells for $90 per share and pays a $7.50 annual dividend per share. If the company were to sell a new preferred issue, it would incur a flotation cost of 5.00% of the price paid by investors. What is the company's cost of preferred stock?

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M91612601

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