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Cost of Preferred Stock Assignment | Homework For You

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May 28th, 2020
P11-8 (Similar to) Cost of preferred stock. Kyle is raising funds for his company by selling preferred stock. The preferred stock has a par value of $115 and a dividend rate of 6.7%. The stock is selling for $75 20 in the market Kyle hires W on Investment Bankers to sell the preferred stock Wison charges a fee of 2% on sale of preferred stock. What is the cost of preferred stock for Kyle using the investment banker? What is the cost of preferred for ye using the investment banker? Pound to be decimal aces) Get Finance homework help todayHomework For You

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