Burnwood Tech plans to issue some $80 par preferred stock with a 7% dividend. A similar stock is selling on the market f

Business, Finance, Economics, Accounting, Operations Management, Computer Science, Electrical Engineering, Mechanical Engineering, Civil Engineering, Chemical Engineering, Algebra, Precalculus, Statistics and Probabilty, Advanced Math, Physics, Chemistry, Biology, Nursing, Psychology, Certifications, Tests, Prep, and more.
Post Reply
answerhappygod
Site Admin
Posts: 899603
Joined: Mon Aug 02, 2021 8:13 am

Burnwood Tech plans to issue some $80 par preferred stock with a 7% dividend. A similar stock is selling on the market f

Post by answerhappygod »

Burnwood Tech plans to issue some $80 par preferred stock with a
7% dividend. A similar stock is selling on the market for $90.
Burnwood must pay flotation costs of 5% of the issue price. What is
the cost of the preferred stock? Round your answer to two decimal
places
Join a community of subject matter experts. Register for FREE to view solutions, replies, and use search function. Request answer by replying!
Top
Post Reply

Return to “Archived Questions & Answers”