2. The Milton Company plans to issue preferred stock. Currently, the company's stock sells for $120....

Question

Question

2. The Milton Company plans to issue preferred stock. Currently, the companys stock sells for $120. Once new stock is issued

Answer 1

Answer #1

Given,

Current selling price = $ 120

Proceeds of new stock = $ 99

Par value = $ 100

Dividend rate = 12%

Solution :-

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Answer 2

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