Bosio incs perpetual preferred stock sells for 9750 per, Financial Management

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Bosio incs perpetual preferred stock sells for 9750 per

Bosio Inc.'s perpetual preferred stock sells for $97.50 per share, and it pays an $8.50 annual dividend. If the company were to sell a new preferred issue, it would incur a flotation cost of 4.00% of the price paid by investors. What is the company's cost of preferred stock for use in calculating the WACC?

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Financial Management: Bosio incs perpetual preferred stock sells for 9750 per

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Financial Management: Bosio incs perpetual preferred stock sells for 9750 per

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