Solution-What is the cost of the preferred stock

What is the cost of the preferred stock

Reference no: EM13508530

Cost of Preferred Stock with Flotation Costs

Burnwood Tech plans to issue some $60 par preferred stock with a 6% dividend. The stock is selling on the market for $70.00, and Burnwood must pay flotation costs of 5% of the market price.

What is the cost of the preferred stock?

Reference no: EM13508530

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What is the cost of the preferred stock : Burnwood Tech plans to issue some $60 par preferred stock with a 6% dividend. The stock is selling on the market for $70.00, and Burnwood must pay flotation costs of 5% of the market price.

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What is the cost of the preferred stock

Reference no: EM13508530

Reference no: EM13508530

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