LUVFINANCE, Inc. is estimating its WACC. The firm could sell, at par, $100 preferred stock that pays a 10 percent annual dividend and incurs 6.19% flotation costs. What is the cost of new preferred stock financing

$10.66

Explanation:

Calculation to determine the cost of new preferred stock financing

Cost of new preferred stock financing=(100*10%)/(100*(1-0.0619))

Cost of new preferred stock financing=10/(100*(1-0.0619))

Cost of new preferred stock financing=10/(100*0.9381)

Cost of new preferred stock financing=10/93.81

Cost of new preferred stock financing=$10.66

Therefore the cost of new preferred stock financing is $10.66

the most important factor in the

work process or industry is to retain the interest of the employee. and to

retain them, their salary or profit must be adjusted to the best value. unless

the employee does not do his job properly, employees must receive bonuses or

benefits to ensure them to stay in the company. it will actually make them stay

longer, make them feel important and reduce costs for hiring new employees.

explanation:

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