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Business, 06.05.2020 23:01 holmesleauja

Happy Giraffe has preferred stock that pays a dividend of $5.00 per share and sells for $100 per share. It is considering issuing new shares of preferred stock. These new shares incur an underwriting (or flotation) cost of 2.10%. How much will Happy Giraffe pay to the underwriter on a per-share basis

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