Xyz inc sold a 10 perpetual preferred stock offering with a


XYZ, Inc. sold a 10% perpetual preferred stock offering with a $100 par value. The amount the firm received after flotation costs was $98.50. What is the component cost of preferred stock?

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Finance Basics: Xyz inc sold a 10 perpetual preferred stock offering with a
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Now Priced at $10 (50% Discount)

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