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A company intends to issue 5000 shares of preferred stock that pays a $9 cash dividend and currently sells for $88 a share. What is
A company intends to issue 5000 shares of preferred stock that pays a $9 cash dividend and currently sells for $88 a share. What is the companys cost per share of preferred stock!
1.76%
9.78%
10.23%
11.78%
51.14%
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