Taylor Systems has just issued preferred stock. The stock has a 9% annual dividend and a $ 80 par value and was sold at $86.40 per share. In addition, flotation costs of $5.60 per share were paid. Calculate the cost of the preferred stock. The cost of the preferred stock is %.
Annual dividend = $80 * 9% = $7.2
Cost of the preferred stock = Annual dividend / (Stock price - Flotation costs)
Cost of the preferred stock = $7.2 / ($86.40 - $5.60)
Cost of the preferred stock = 0.0891 or 8.91%
Taylor Systems has just issued preferred stock. The stock has a 9% annual dividend and a...
Cost of preferred stock Taylor Systems has just issued preferred stock. The stock has a 9% annual dividend and a $120 par value and was sold at $111.60 per share. In addition, flotation costs of $8.40 per share were paid. Calculate the cost of the preferred stock. The cost of the preferred stock is %. (Round to two decimal places.)
Cost of preferred stock Taylor Systems has just issued preferred stock. The stock has a 10% annual dividend and a $75 par value and was sold at $78.00 per share. In addition, flotation costs of $6.00 per share were paid. Calculate the cost of the preferred stock. The cost of the preferred stock is %. (Round to two decimal places.)
Cost of preferred stock Taylor Systems has just issued preferred stock. The stock has a 8% annual dividend and a $100 par value and was sold at $99.50 per share. In addition, flotation costs of $1.50 per share were paid. Calculate the cost of the preferred stock The cost of the preferred stock is %. (Round to two decimal places.)
Cost of preferred stock Taylor Systems has just issued preferred stock. The stock has an 8% annual dividend and a $100 par value and was sold at $99.50 per share. In addition, flotation costs of $1.50 per share must be paid. a. Calculate the cost of the preferred stock. b. If the firm sells the preferred stock with a 10% annual dividend and nets $90.00 after flotation costs, what is its cost? c. Using the constant-growth valuation model, determine the...
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stock has 8% annual dividend and $100 par value and was sold a t$99.50 per share. Flotation cost of $1.50 per share. A) Calculate cost of preferred stock B) If the firm sells the preferred stock with a 10% annual dividend and nets $90.00 after flotation cost, what is its cost?
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