question archive Air Masin Berhad has been paying annual preferred dividends of RM1
Air Masin Berhad has been paying annual preferred dividends of RM1
Subject:FinancePrice: Bought3
Air Masin Berhad has been paying annual preferred dividends of RM1.95 and is expected
to continue to do so indefinitely. The current price of the preference share is RM11.00 per
share and the flotation cost is 2% for each one unit of share sold. What is the cost of
preference share? Briefly explain your answers.
