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A firm's preferred stock is selling at $83 and pays a $9.5 annual dividend. What is the cost of preferred stock if flotation cost is

A firm's preferred stock is selling at $83 and pays a $9.5 annual dividend. What is the cost of preferred stock if flotation cost is $10? O a. 11% O b. 12% O C9% O d. 10% e. 13%

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