Salalah Services is issuing preferred stock at OMR 115 per share, with a stated dividend of OMR 18 and a flotation cost of 0.3%, then what is the cost of preferred stock? Select one: O a. 15.69% b. None O c. 15.60% d. 16.13% O e. 15%

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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Salalah Services is issuing preferred stock
at OMR 115 per share, with a stated
dividend of OMR 18 and a flotation cost of
0.3%, then what is the cost of preferred
stock?
Select one:
a. 15.69%
O b. None
c. 15.60%
d. 16.13%
O e. 15%
Transcribed Image Text:Salalah Services is issuing preferred stock at OMR 115 per share, with a stated dividend of OMR 18 and a flotation cost of 0.3%, then what is the cost of preferred stock? Select one: a. 15.69% O b. None c. 15.60% d. 16.13% O e. 15%
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