You decide to issue some preferred stock. Each share of preferred stock will have 12...
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You decide to issue some preferred stock. Each share of preferred stock will have 12 years to maturity, a par value of $10 and a $0.25 annual dividend. Investors expect a 9% return on your preferred shares. If you issue 100,000 shares, how much money will you raise (prior to any expenses associated with the issue)?
You decide to issue some preferred stock. Each share of preferred stock will have 12 years to maturity, a par value of $10 and a $0.25 annual dividend. Investors expect a 9% return on your preferred shares. If you issue 100,000 shares, how much money will you raise (prior to any expenses associated with the issue)?
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