Question trivoli industries plans to issue some 100 par, Ask an Expert

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Question: Trivoli Industries plans to issue some $100 par preferred stock with an 11 percent dividend. The stock is selling on the market for $97.00, and Trivoli must pay flotation costs of 5 percent of the market price. What is the cost of the preferred stock for Trivoli?

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M92333468

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