Happy Giraffe has preferred stock that pays a dividend of $7.00 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 2.50%. How much will Happy Giraffe pay to the underwriter on a per-share basis
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Happy Giraffe has preferred stock that pays a dividend of $7.00 per share and sells for $100 per sha...
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