document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1193438>Question 1193438</A>: <I><SPAN STYLE=\"word-break: break-all;\"> Burnwood Tech plans to issue some $60 par preferred stock with a 6% dividend. A similar<BR>\n" );
document.write( "stock is selling on the market for $70. Burnwood must pay flotation costs of 5% of the<BR>\n" );
document.write( "issue price. What is the cost of the preferred stock? </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #825482 by </B><A HREF=/tutors/aboutme.mpl?userid=ikleyn><B>ikleyn(52787)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=ikleyn><IMG SRC=http://www.algebra.com/images/aboutme-small.gif BORDER=0 alt=\"About Me\" VALIGN=MIDDLE></A>&nbsp;<IMG SRC=http://www.algebra.com/cgi-bin/show-face.mpl?user=ikleyn><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=825482\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> .\r<BR>\n" );
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document.write( "For your info\r<BR>\n" );
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document.write( "<H3> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;This forum is for Math: it is not for Finance !</H3>\r<BR>\n" );
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