Prefered share 30 millions
Issue 8% prefered stocks at rm 40 per share with par value of rm 100. The floatation cost is 10% of the selling price .
The companys growth rate is 6% and tax rate is 40% .
What's after tax cost of preferred stock ?
Issue 8% prefered stocks at rm 40 per share with par value of rm 100. The floatation cost is 10% of the selling price .
The companys growth rate is 6% and tax rate is 40% .
What's after tax cost of preferred stock ?