Bruner aeronautics issued perpetual stock with a 5, Financial Management

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Bruner aeronautics issued perpetual stock with a 5

Bruner Aeronautics issued perpetual stock with a 5% semi-annual dividend. The stock has a par value of $100 and its current price is $80. After flotation costs are taken into account, the net price will be $70. What is the cost of preferred stock if we include flotation? What is the flotation cost?

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Financial Management: Bruner aeronautics issued perpetual stock with a 5

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