Firm cost of preferred stock

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A firm has perpetual preferred stock that sells for 13.71 a share and pays an annual dividend of $0.95 a share. Assuming there is a 4.5 % flotation cost to sell new preferred issue, the firm's cost of preferred stock is what?

Reference no: EM132235075

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Firm cost of preferred stock : Assuming there is a 4.5 % flotation cost to sell new preferred issue, the firm's cost of preferred stock is what?
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