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Calculate the cost of preferred stock for Bozeman-Western Airlines, Inc., which is planning to sell $10 million of preferred stock. This issue pays a dividend

Calculate the cost of preferred stock for Bozeman-Western Airlines, Inc., which is planning to sell $10 million of preferred stock. This issue pays a dividend of $4.00 and currently has a price of $40 a share.

Please show the formula and BAII calculator plug ins. PV, FV, PMT, N, I/Y

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