The market price of the firmrsquos preferred stock is 11600


The market price of the firm’s preferred stock is $116.00. The preferred pays a 12.1% annual dividend on its $100 par value. Floatation costs are $4 per share. What is the cost of preferred equity if floatation costs are ignored?

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Financial Management: The market price of the firmrsquos preferred stock is 11600
Reference No:- TGS01400399

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