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Bethesda Water has an issue of preferred stock outstanding with a coupon rate of 6.20 percent that sells for $97.26 per share. If the par
Bethesda Water has an issue of preferred stock outstanding with a coupon rate of 6.20 percent that sells for $97.26 per share. If the par value is $100, what is the cost of the company's preferred stock?
- 6.91%
- 6.11%
- 6.37%
- 6.20%
- 6.15%
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