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botswick perpetual preffered stock sells for $85 per share, and its pays an $ 7 annual dividend. if the colpany were to sell a new

botswick perpetual preffered stock sells for $85 per share, and its pays an $ 7 annual dividend. if the colpany were to sell a new preffered isue, it would incur a flotation cost of 4% of the price paid by investors. what is the cost of preffered stock for use in xalculating the weighted average cost of capital?

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