Cost of preferred stock. Kyle is talsing funds for his company by selling preferred stock. The preferred stock has a par

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Cost Of Preferred Stock Kyle Is Talsing Funds For His Company By Selling Preferred Stock The Preferred Stock Has A Par 1 (24.93 KiB) Viewed 36 times

Cost of preferred stock. Kyle is talsing funds for his company by selling preferred stock. The preferred stock has a par value of $88 and a dividend rate of 74% The stock is selling for $73 08 in the market Kyle hires Wilson Investment Bankers to sell the preferred stock Wilson charges a fee of 1% on the sale of preferred stock What is the cost of preferred stock for Kyle using the investment banker? What is the cost of preferred stock for Kyle using the investment banker? 1% (Round to two decimal places.)