Burnwood Tech plans to issue some $80 par preferred stock with a 7% dividend. A similar stock is selling on the market f
Posted: Wed Apr 06, 2022 9:04 am
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
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