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Buoyant Cruises plans to issue preferred stock with a 5110 par value and a 6 percent dividend. Even though the current market value of its

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Buoyant Cruises plans to issue preferred stock with a 5110 par value and a 6 percent dividend. Even though the current market value of its preferred socks 50 per share. Buoyant expects to net only 575 for each share issued. What is its cost of issuing preferred stock? The's marginal tax rates 34 percent For the toolbar, press ALT F10( POR ALTEN+F10 (Mac). BIVS Paragraph Arial 14px PE A IXO Q5 x X, 8.14 + T 1 2 @ HD SHE 13 o V 2

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