Form cost of preferred stock financing-nature food inc

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Nature Food Inc. needs to estimate the cost of financing on preferred stock. The firm has preferred stock outstanding that pays a constant dividend of $3.07 per year. That preferred stock is currently selling for $84.94. However, the underwriter would charge flotation costs of $3.20 per share. What is the form's cost of preferred stock financing?

Reference no: EM132715407

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