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2. ABC, Inc. has one class of preferred stock outstanding, a $3.75 cumulative preferred stock, for which there are 546,024 shares outstanding.15 If the price

2. ABC, Inc. has one class of preferred stock outstanding, a $3.75 cumulative preferred stock, for which there are 546,024 shares outstanding.15 If the price of this stock is $72, what is the estimate of ABCs cost of preferred equity?

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