Flower Inc. is issuing preferred shares to raise capital

by | Mar 18, 2020 | Uncategorized

  

Flower Inc. is issuing preferred shares to raise capital. Each preferred share will be issued with a par value of $200 and a cumulative dividend of $18. The preferred shares will result in after-tax underwriting expenses of $3 per share.

What is the cost of issuing the preferred shares?

  

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