Travis industries plans to issue perpetual preferred stock with an $11.00 dividend. the stock is currently selling for $100.00; but flotation costs will be 5% of the market price, so the net price will be $95.00 per share. what is the cost of the preferred stock, including flotation? round your answer to two decimal places.
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Travis industries plans to issue perpetual preferred stock with an $11.00 dividend. the stock is cur...
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