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Business, 10.05.2021 20:50 josie311251

RetRyder Hand Trucks has a preferred share issue outstanding that pays an annual dividend of $1.45 per year. The current cost of preferred equity for RetRyder is 9 percent. If RetRyder issues additional preferred shares that pay exactly the same dividend and the investment banker retains 6 percent of the sale price proceeds, what is the cost of new preferred shares for RetRyder

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