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17. An issue of preferred stock pays a constant dividend of $2.25 per share. If the preferred stock price is $87, what is the cost
17. An issue of preferred stock pays a constant dividend of $2.25 per share. If the preferred stock price is $87, what is the cost of preferred stock? A. 2.59% B. 3.14% C. 3.89% D. 4.25%
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