Answer Happy

Posted: **Sun Jul 03, 2022 12:57 pm**

: 4 Issue A 10 Rm100 Par Value Of The Preferred Share The Current Market Price Of The Preferred Share Is Rm80 Per Share 1 (16.03 KiB) Viewed 12 times

4. Issue a 10% RM100 par value of the preferred share. The current market price of the preferred share is RM80 per share. The floatation cost is at 5% of the par value. Calculate the cost of financing A. 14.93% B. 13.33% C. 13.16% D. 10.53%