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A company has issued preferred stock that are valued at $75 a share. The preferred dividend is $5. The company's growth rate is 5%. What
- A company has issued preferred stock that are valued at $75 a share. The preferred dividend is $5. The company's growth rate is 5%. What is the cost of the company's preferred stock?
- a. 1.67%
- b. 11.67%
- c. 5%
- d. 6.67%
- a. 1.67%
- b. 11.67%
- c. 5%
- d. 6.67%
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