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A companys preferred stock currently sells for $123.45 per share, and it pays an $3.00 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 $3.00 annual dividend. What is the cost of preferred stock?

a. 3.75% b. 2.43% c. 4.15% d. 3.24% e. 3.00%

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