a company can sell new preferred stock at $60 per share with an annual dividend...
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a company can sell new preferred stock at $60 per share with an annual dividend of $5 per share however the company must pay a 5% flotation cost of the preferred stock price in order to sell it what is the cost of using new preferred stock the company tax rate is 30% a. 9.21% b. 8.77% c. 8.31% d. 6.13%
a. 9.21%
b. 8.77%
c. 8.31%
d. 6.13%
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