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Cost Of Preferred Stock With Flotation Costs Burnwood

6. Cost of Preferred Stock with Flotation Costs. Burnwood Tech plans to issue some 70 par preferred stock with a 5 dividend. A similar stock is selling on the market for 85. Burnwood must pay flotation costs of 4 of the issue price. What is the cost of the preferred stock Round your answer to.

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Cost Of Preferred Stock With Flotation Costs Burnwood

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