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A companys preferred stock currently sells for $123.45 per share, and it pays an $3.50 annual dividend. What is the cost of preferred stock? a.

A companys preferred stock currently sells for $123.45 per share, and it pays an $3.50 annual dividend. What is the cost of preferred stock? a. 2.43% b. 3.75% c. 4.00% d. 3.59% e. 2.84%

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