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BAM 313 BAM313 Unit 3 Essay Exam

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BAM 313 Unit 3 Essay Exam (CCU)

3. Toto and Associates’ preferred stock is selling for $27.50 a share. The firm nets $25.60 after 3. issuance costs. The stock pays an annual dividend of $3.00 per share. What is the cost of existing, and new, preferred stock respectively?

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