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11-7 (similar to) Question Help Cost of preferred stock. Kyle is raising funds for his company by selling preferred stock The preferred stock has a

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11-7 (similar to) Question Help Cost of preferred stock. Kyle is raising funds for his company by selling preferred stock The preferred stock has a par value of $82 and a dividend rate of 63% The stock is selling for $54 56 in the market What is the cost of proferred stock for Kyle? What is the net n noforrer en

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