A similar stock is selling on the market for 80 burnwood
Burrnwood Tech plans to issue some $50 par preferred stock with a 4% dividend. A similar stock is selling on the market for $80. Burnwood must pay flotation costs of 2% of the issue price. What is the cost of the preferred stock?
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burrnwood tech plans to issue some 50 par preferred stock with a 4 dividend a similar stock is selling on the market
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