Cost to annette travel of raising funds with preferred stock

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Reference no: EM131786642

Question: Annette's Travel Incorporated plans to issue preferred stock at a price of $50 per share. The dividend will be $4.30 per share, and issuance costs are expected to be $3.00 per share. What is the cost to Annette's Travel of raising funds with preferred stock?

A. 19.15%

B. 10.95%

C. 13.33%

D. 9.15%

Reference no: EM131786642

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