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Cullumber Hand Trucks has a preferred share issue outstanding that pays a dividend of $1.30 per year. The current cost of preferred equity for Cullumber
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What is the cost of the new preferred shares for Cullumber? (Round intermediate calculations to 4 decimal places, e.g. 1.2514 and final answer to 2 decimal places, e.g. 15.25%.)
Cost of new preferred shares for Cullumber | % |
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