Retryder hand trucks has a preferred share issue


RetRyder Hand Trucks has a preferred share issue outstanding that pays an annual dividend of S3.00 per year. The current cost of preferred equity for RetRyder is 12 percent. If RetRyder issues additional preferred shares that pay exactly the same dividend and the investment banker retains 9 percent of the sale price proceeds, what is the cost of new preferred shares for RetRyder?

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Financial Management: Retryder hand trucks has a preferred share issue
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