What is the cost of the preferred stock including


Trivoli Industries plans to issue perpetual preferred stock with an $11.00 dividend. The stock is currently selling for $107.00; but flotation costs will be 10% of the market price, so the net price will be $96.30 per share. What is the cost of the preferred stock, including flotation? Round your answer to two decimal places.

_____%

Request for Solution File

Ask an Expert for Answer!!
Financial Management: What is the cost of the preferred stock including
Reference No:- TGS02825673

Expected delivery within 24 Hours