company's perpetual preferred stock currently sells for $92.50 per share, and it pays an $8.00 annual dividend If the company were to sell a new preferred issue, it would incur a flotation cost of 5.00% of the issue price What is the firm's cost of preferred stock?

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The Answer of company's perpetual preferred stock currently sells for $92.50 per share, and it pays an $8.00 annual dividend If the company were to sell a new preferred issue, it would incur a flotation cost of 5.00% of the issue price What is the firm's cost of preferred stock?

Company's Perpetual Preferred Stock Currently Sells for $92