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Business, 03.08.2021 16:10 hectorgonzalejr333

Cost of preferred stock.  Kyle is raising funds for his company by selling preferred stock. The preferred stock has a par value of ​$80 and a dividend rate of 6.9 ​%. The stock is selling for ​$50.39 in the market. Kyle hires Wilson Investment Bankers to sell the preferred stock. Wilson charges a fee of 3 ​% on the sale of preferred stock. What is the cost of preferred stock for Kyle using the investment​ banker?

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Cost of preferred stock.  Kyle is raising funds for his company by selling preferred stock. The pref...
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