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Find what is the company preferred cost

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Question 1: PT Sinar Sukses plans to issue several preferred shares with a nominal value of $ 100.00 and dividends of 11%. The shares are sold on the market at a price of $ 97.00 and the company must pay a flotation fee of 5% of the market price. What is the company's preferred cost?

Reference no: EM132575760

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