What is bob cost of preferred stock

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Reference no: EM131896671

Bob's Stuff, Inc has preferred Stock with a stated dividend of $3.01, which currently trading at $27.40 per share, and Bob believes that the company can issue additional shares at that price, but with flotation costs at 8% of the selling price. What is Bob's cost of preferred stock? Answer in decimal form to 4 place. Do not use a percen sign.

Reference no: EM131896671

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