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14-2 2 Holdup Bank has an issue of preferred stock with a $5 stated dividend that just sold for $88 per share. What is the

14-2

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2 Holdup Bank has an issue of preferred stock with a $5 stated dividend that just sold for $88 per share. What is the bank's cost of preferred stock? 10 points Multiple Choice o 5.68% U 5.00% U 5.45% O 5.91% O 5.97%

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