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Rama09 [41]
3 years ago
8

Kyle is raising funds for his company by selling preferred stock. The preferred stock has a par value of ​$122 and a dividend ra

te of 6.5​%. The stock is selling for ​$84.39 in the market. Kyle hires Wilson Investment Bankers to sell the preferred stock. Wilson charges a fee of 1​% on the sale of preferred stock. What is the cost of preferred stock for Kyle using the investment​ banker?
Mathematics
1 answer:
kirza4 [7]3 years ago
6 0

no i think your answer is 9082

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