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Company A is considering the issuance of a preferred stock at $ 2 5 7 market price. This preferred stock pays a fixed 1 1

Company A is considering the issuance of a preferred stock at $257 market price. This preferred stock pays a fixed 11% dividend and there is an issuance cost of $17 per share. The The par value is $100. Based on this information, the cost of raising capital with preferred stocks is:

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