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Determine the cost of a preferred stock

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Reference no: EM133076249

Question - Determine the cost of a preferred stock that pays annual dividends of $2.20, has a current stock price of $19.32, and incurs flotation costs of $0.28 per share. Show all of your work. Then, analyze your results. What does each number in the equation and answer represent?

Reference no: EM133076249

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