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    cjs39922's Avatar
    cjs39922 Posts: 1, Reputation: 1
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    #1

    Nov 3, 2009, 09:45 AM
    Current price of a preferred share
    A preferred share issue outstanding that pays an annual dividend of $1.30 per year. The current cost of preferred equity is 8.10 percent. If a company issues additional preferred shares that pay exactly the same dividend and the investment banker retains 5.40 percent of the sale price proceeds, what is the cost of new preferred shares?
    morgaine300's Avatar
    morgaine300 Posts: 6,561, Reputation: 276
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    #2

    Nov 5, 2009, 04:05 PM
    Please see the guidelines for posting homework problems:
    https://www.askmehelpdesk.com/financ...-b-u-font.html
    lir06003's Avatar
    lir06003 Posts: 1, Reputation: 1
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    #3

    Nov 22, 2009, 09:36 PM
    LOVE IT!! I need help with the same question. If you got it and understand help me out the book does not help at all!!
    dileepasampath's Avatar
    dileepasampath Posts: 16, Reputation: 1
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    #4

    Nov 24, 2009, 02:24 AM

    First let us know what have you already done to solve this? Just pass your comments.. Then I will answer.. It seems this is from your home work.
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