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April 16, 2014

Homework Help: Finance

Posted by Dantavis on Wednesday, April 14, 2010 at 10:00am.

SDF Company wants to raise $20,000,000 through issuing preferred stock. The cost of preferred stock is estimated to be 15 percent. If the company wants to issue 1,000,000 shares of the preferred stock, how much should be the promised dividend per stock?

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