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Calculate the cost of preferred stock (rPS) with the given information:
Par Value = $200
Current Price = $208
Flotation Cost = $16
Annual Dividend = 12% of Par
The Madison Restaurant was formed a S corporation at the end of last year. Bob Buron, owns 60% of the stock, manages the restaurant. Ray Huges owns the remaining 40%
Price for 2000 words
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Calculate the cost of preferred stock (r PS ) with the given information: Par Value = $200 Current Price = $208 Flotation Cost = $16 Annual Dividend = 12% of Par
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