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QUESTION
Burnwood Tech plan to issue some $60 par preferred stocks with a 6% dividend. A similar stock is selling on the market for $70. Burnwood must pay...
Burnwood Tech plan to issue some $60 par preferred stocks with a 6% dividend. A similar stock is selling on the market for $70. Burnwood must pay flotation costs of 5% of the issue price. What is the cost of the preferred stock
