Cost of preferred stock Taylor Systems has just issued preferred stock. The stock has a 12% annual dividend and a $100 p

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Cost of preferred stock Taylor Systems has just issued preferred stock. The stock has a 12% annual dividend and a $100 p

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Cost Of Preferred Stock Taylor Systems Has Just Issued Preferred Stock The Stock Has A 12 Annual Dividend And A 100 P 1
Cost Of Preferred Stock Taylor Systems Has Just Issued Preferred Stock The Stock Has A 12 Annual Dividend And A 100 P 1 (11.36 KiB) Viewed 30 times
Cost of preferred stock Taylor Systems has just issued preferred stock. The stock has a 12% annual dividend and a $100 par value and was sold at $93.00 per share. In addition, flotation costs of $8.00 per share were paid. Calculate the cost of the preferred stock. The cost of the preferred stock is % (Round to two decimal places.
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