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CXM Corporation's preferred stock is selling at $50. Its dividend is $4 per share and its beta is 2.0. Assume that the stock is priced

CXM Corporation's preferred stock is selling at $50. Its dividend is $4 per share and its beta is 2.0. Assume that the stock is priced in equilibrium, what is the cost of preferred stock, RPS? Select one: a. 10% b. 8% c. 9% d. 6% e. 7%

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