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ABC will issue preferred stock for $47 per share. What is the cost of preferred 2 it pays an annual dividend of $5 and if the flotation cost is $4.50 per share? 11.76 % 10.36 O 12.47 O 14.67

ABC will issue preferred stock for $47 per share. What is the cost of preferred 2 it pays an annual dividend of $5 and if the flotation cost is $4.50 per share? 11.76 % 10.36 O 12.47 O 14.67

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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QUESTION 15 ABC will issue preferred stock for $47 per share. What is the cost of peefomed it it pays an annual dividend of $5 and if the flotation cost is $4.50 per share? 11.76% 10.36 O 1247 O 14.67
Transcribed Image Text:QUESTION 15 ABC will issue preferred stock for $47 per share. What is the cost of peefomed it it pays an annual dividend of $5 and if the flotation cost is $4.50 per share? 11.76% 10.36 O 1247 O 14.67
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