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Dukev Corporation is contemplating issuance of an 6% preferred stock they expect to sell at par value for $90 per share. The cost of issuing
Dukev Corporation is contemplating issuance of an 6% preferred stock they expect to sell at par value for $90 per share. The cost of issuing and selling the stock will be $7 per share. What is the cost of preferred stock?
a.
None of the above
b.
6.8%
c.
6.3%
d.
6.5%
e.
6.0%
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