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Author Question: A companys perpetual preferred stock currently trades at $92.40 per share, and it pays a $9.30 ... (Read 49 times)

Ale

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on: Aug 7, 2023
A company’s perpetual preferred stock currently trades at $92.40 per share, and it pays a $9.30 annual dividend. If the company were to sell a new preferred issue, it would incur a flotation cost of 6% of the issue price. What is the firm’s cost of preferred stock?

◦

10.71%


◦

10.25%


◦

9.82%


◦

9.50%

Financial Management: Theory and Practice ¦ Brigham, Ehrhardt, Gessaroli, Nason ¦ 4th Edition
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Marked as best answer by Ale on Aug 7, 2023

feiojef

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Reply #1 on: Aug 7, 2023
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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Ale

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Reply 2 on: Aug 7, 2023
Excellent

daiying98

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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