Business, 06.05.2020 00:18 miyae90

Travis Industries plans to issue perpetual preferred stock with an $11.00 dividend. The stock is currently selling for $108.00, but flotation costs will be 10% of the market price, so the net price will be $97.20 per share. What is the cost of the preferred stock, including flotation

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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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