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A company issued preferred stocks with a nominal value per share =$100, floatation cost =$5 per share, the dividend is set at 5%. What is

A company issued preferred stocks with a nominal value per share =$100, floatation cost =$5 per share, the dividend is set at 5%. What is the cost of the preferred stock financing? Select one: a. $3 b. 4.85% c. 5% d. 5.26%

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