Cost of preferred stock including flotation trivoli, Financial Accounting

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Cost of preferred stock including flotation trivoli

COST OF PREFERRED STOCK INCLUDING FLOTATION Trivoli Industries plans to issue perpetual preferred stock with an $11.00 dividend. The stock is currently selling for $97.00; but flotation costs will be 5% of the market price, so the net price will be $92.15 per share.

What is the cost of the preferred stock, including flotation?

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Financial Accounting: Cost of preferred stock including flotation trivoli

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Financial Accounting: Cost of preferred stock including flotation trivoli

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