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

Question

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] · Answer 1 · 2022-02-11T09:48:08+03:00

kirza4 [7]3 years ago

6 0

no i think your answer is 9082

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

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