a company just issued at 320 cumulative preferred


A company just issued at $3.20 cumulative preferred stock at a price to the public of $30 a share. The flotation costs were $1.50 a share and the issue will be retired in 20 years at its $30 par value. What is the cost of this preferred issue?

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Finance Basics: a company just issued at 320 cumulative preferred
Reference No:- TGS0473079

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