SOLUTION: Burnwood Tech plans to issue some $60 par preferred stock with a 6% dividend. A similar stock is selling on the market for $70. Burnwood must pay flotation costs of 5% of the iss

Question 1193438: Burnwood Tech plans to issue some $60 par preferred stock with a 6% dividend. A similar
stock is selling on the market for $70. Burnwood must pay flotation costs of 5% of the
issue price. What is the cost of the preferred stock?
Answer by ikleyn(52781) (Show Source): You can put this solution on YOUR website!
.

For your info

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