Trivoli industries plans to issue perpetual preferred stock, Ask an Expert

Finance

Trivoli Industries plans to issue perpetual preferred stock with an $11.00 dividend. The stock is currently selling for $104.00; but flotation costs will be 7% of the market price, so the net price will be $96.72 per share. What is the cost of the preferred stock, including flotation. Round your answer to two decimal places.

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M91820771

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