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Bethesda Water has an issue of preferred stock outstanding with a coupon rate of 3.90 percent that sells for $89.90 per share. If the par

Bethesda Water has an issue of preferred stock outstanding with a coupon rate of 3.90 percent that sells for $89.90 per share. If the par value is $100, what is the cost of the company's preferred stock?

3.90%

4.70%

4.03%

4.34%

4.16%

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Question

Bethesda Water has an issue of preferred stock outstanding with a coupon rate of 3.90 percent that sells for $89.90 per share. If the par

Bethesda Water has an issue of preferred stock outstanding with a coupon rate of 3.90 percent that sells for $89.90 per share. If the par value is $100, what is the cost of the company's preferred stock? 3.90% 4.70% 4.03% 4.34% 4.16%

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Bethesda Water has an issue of preferred stock outstanding with a coupon rate of 3.90 percent that sells for $89.90 per share. If the par value is $100, what is the cost of the company's preferred stock?

3.90%

4.70%

4.03%

4.34%

4.16%