Business, 30.03.2020 19:38 stheo

Taylor Systems has just issued preferred stock. The stock has a 12% annual dividend and a $ 50 par value and was sold at $49.00 per share. In addition, flotation costs of $2.50 per share were paid. Calculate the cost of the preferred stock.

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Taylor Systems has just issued preferred stock. The stock has a 12% annual dividend and a $ 50 par v...

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