Cost of preferred stock Determine the cost for the following preferred stock. (Click on the icon located on the top-right corner of the data table below in order to copy its contents into a spreadsheet.) Par value Sale price Flotation cost Annual dividend o $80.00 $72.80 $4.80 11% The cost of preferred stock is %. (Round to two decimal places.)

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
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Cost of preferred stock Determine the cost for the following preferred stock. (Click on the icon located on the top-right corner of the data table below in order to copy its contents into a spreadsheet.)
Par value
Sale price
Flotation cost
Annual dividend
$80.00
$72.80
$4.80
11%
The cost of preferred stock is %. (Round to two decimal places.)
Transcribed Image Text:Cost of preferred stock Determine the cost for the following preferred stock. (Click on the icon located on the top-right corner of the data table below in order to copy its contents into a spreadsheet.) Par value Sale price Flotation cost Annual dividend $80.00 $72.80 $4.80 11% The cost of preferred stock is %. (Round to two decimal places.)
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