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Business, 05.11.2019 00:31 kyusra2008

Erpetual preferred stock from franklin inc. sells for $97.50 per share, and it pays an $8.50 annual dividend. if the company were to sell a new preferred issue, it would incur a flotation cost of 4.00% of the price paid by investors. what is the company's cost of preferred stock for use in calculating the wacc? a. 8.72%b. 9.08%c. 9.44%d. 9.82%e. 10.22%

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Erpetual preferred stock from franklin inc. sells for $97.50 per share, and it pays an $8.50 annual...
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