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A company can sell preferred stock for $26 per share, and each share of stock is expected to pay a dividend of $2. If the

A company can sell preferred stock for $26 per share, and each share of stock is expected to pay a dividend of $2. If the flotation cost per share of stock is $0.75, what would be the estimate of the cost of capital from this source?

Please do not copy from answers on chegg they are wrong

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