a company’s stock is selling at $80. thr company pays a fixed preferred dividend of $9. this stock has a 10% floatation

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answerhappygod
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a company’s stock is selling at $80. thr company pays a fixed preferred dividend of $9. this stock has a 10% floatation

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a company’s stock is selling at $80. thr company pays a fixed preferred dividend of $9. this stock has a 10% floatation cost. what is the company's cost of preferred stock?
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