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Brennan Inc.'s perpetual preferred stock sells for $97.50 per share, and it pays a $9.96 annual dividend. Ignoring flotation costs, what is the company's cost

Brennan Inc.'s perpetual preferred stock sells for $97.50 per share, and it pays a $9.96 annual dividend. Ignoring flotation costs, what is the company's cost of preferred stock?

		8.72%
		9.08%
		9.44%
		9.82%
		10.22%

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