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A firm has an issue of preferred stock that pays an annual dividend of $2.00 per share and currently is selling for $18 per share.

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A firm has an issue of preferred stock that pays an annual dividend of $2.00 per share and currently is selling for $18 per share. Finally, the firm's marginal tax rate is 34%. This firm's cost of financing with new preferred stock is 11.1% O 10.8%. O 6.6%. O 7.3% 10.1%

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