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September 3, 2014

Homework Help: finance

Posted by kory on Thursday, April 14, 2011 at 9:04pm.

A company’s perpetual preferred stock currently trades at $80 per share and pays a $6.00 annual dividend per share. If the company were to sell a new preferred issue, it would incur a flotation cost of 4%. What would the cost of that capital be?

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