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Cost of preferred stock Determine the cost for the following preferred stock. (Click on the icon here e in order to copy the co spreadsheet.)

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Cost of preferred stock Determine the cost for the following preferred stock. (Click on the icon here e in order to copy the co spreadsheet.) Par value Sale price Flotation cost Annual dividend $110.00 $115.50 $9.90 10% The cost of preferred stock is %. (Round to two decimal places.)

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