what is the company's cost of preferred stock?

RASHAF1979 | 04:13 Mon 06th Apr 2009 | Business & Finance

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klieman company's perpetual preferred stock sells for $90 per share and pays a $70 annual dividend per share. if the company were to sell a new preferred issue,it would incur a flotation cost of 5.00% of the price paid by investor. what is the company's cost of preferred stock?

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