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a company perpetual preferred stock currently sells for $90.50 per share, and it pays an $8.00 annual dividend. if the company were to sell a

a company perpetual preferred stock currently sells for $90.50 per share, and it pays an $8.00 annual dividend. if the company were to sell a new preferred issue, it would incur a flotation cost of 4.50% of the issue price, what is the firm's cost of preferred stock?

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