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    may_ula's Avatar
    may_ula Posts: 3, Reputation: 1
    New Member
    		  
    #1

    Jul 8, 2010, 01:39 PM
    Accounting
    XYZ Corporation is trying to determine the appropriate cost of preferred stock to use in determing the firm's cost of capital. This firm's preferred stock is currently selling for $36,and pays a perpetual annual dividend of $2.60 per share. Underwriters of a new issue of preferred stock would charge $6 per share in flotation costs. The firm's tax rate is 30%. Compute the cost of new preferred stock for XYZ.
    Curlyben's Avatar
    Curlyben Posts: 18,514, Reputation: 1860
    BossMan
    		  
    #2

    Jul 8, 2010, 01:46 PM
    Thank you for taking the time to copy your homework to AMHD.
    Please refer to this announcement: https://www.askmehelpdesk.com/financ...-b-u-font.html
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