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
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-> 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
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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):
