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Cost of the Capital Assignment | Homework For You

Author:
June 9th, 2020

12. Lucy Inc. issued new preferred stock paying a 9% dividend on a $300.00 par value. The flotation costs will be 12% of the current price of $175.00. What is the cost of this capital?Homework For You

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a) 12.5%

b) 14.5%

c) 17.5%

d) 19.5%. Get Finance homework help today

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