Calculate the cost of preferred stock to the company if the


A company is taking on new projects and after evaluating the various ways of raising capital, they have decided that issuing preferred stock would be the best option for them. Calculate the cost of preferred stock to the company if the preferred stock is going to trade at $84, the dividend is $11, and flotation costs are 6% of the trading price.

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Financial Management: Calculate the cost of preferred stock to the company if the
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