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Business, 04.06.2020 13:11 taylor3865
A firm issued $15 million in preferred stock at a price of $3.25 per share. The preferred shares carry a 13% dividend, or $0.43 annually. After paying fees and costs, the firm realizes $2.89 per share issued. What is the cost of capital for this issuance of preferred stock?
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A firm issued $15 million in preferred stock at a price of $3.25 per share. The preferred shares car...
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