Intro to financial management, BAM 131

Anonymous
timer Asked: Mar 22nd, 2016

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Need example of essay 350-500 words. Toto and Associates' preferred stock is selling for $27.50 a share. The firm nets $25.60 after issuance costs.  The stock pays an annual dividend of $3.oo per share.  What is the cost of existing,  and new, preferred stock respectively? 

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