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10-2 COST OF PREFERRED STOCK Torch Industries can issue perpetual preferred stock at a price of $57.00 a share. The stock would pay a constant

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10-2 COST OF PREFERRED STOCK Torch Industries can issue perpetual preferred stock at a price of $57.00 a share. The stock would pay a constant annual dividend of $6.00 a share. What is the company's cost of preferred stock, r? 2007

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