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When dealing with Finance, in order to say that the preferred is “callable” then being equal to Dp/Pn is correct as in the cost of the preferred stock financing?
If the preferred stock of Acall Inc., is callable, then the calculation of the cost ofpreferred stock financing is:equal to Dp less flotation costsOsimilar to that for bondsequal to Dp/PnOless than Dp/Pn
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