Question

Taylor Systems has just issued preferred stock. The stock has a 10​% annual dividend and a $ 110 par value and was sold at ​$119.90 per share. In​ addition, flotation costs of ​$6.60 per share were paid. Calculate the cost of the preferred stock

Answer 1

Cost of preferred stock Taylor Systems has just issued preferred stock. The stock has a 12 % annual dividend and a $100 par value and was sold at $97.50 per shar