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
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Home » Business » 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