In addition flotation costs of 640 per share were paid


Taylor Systems has just issued preferred stock. The stock has a 11% annual dividend and a $80 par value and was sold at $87.20 per share. In addition, flotation costs of $6.40 per share were paid. Calculate the cost of perferred stock.

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Financial Management: In addition flotation costs of 640 per share were paid
Reference No:- TGS02326814

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