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9. The Long Brothers pay $7 as the annual dividend on their preferred stock. Currently, this stock has a market value per share of $66
9. The Long Brothers pay $7 as the annual dividend on their preferred stock. Currently, this stock has a market value per share of $66 and a book value per share of $47. What is the cost of preferred stock? a. 7.00 percent b. 10.61 percent*** c. 14.00 percent d. 14.89 percent e. 18.42 percent
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