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Eskridge Industries can issue perpetual preferred stock at a price of $71.60 a share. The stock would pay a constant annual dividend of $5.71 a

Eskridge Industries can issue perpetual preferred stock at a price of $71.60 a share. The stock would pay a constant annual dividend of $5.71 a share. What is the companys cost of preferred stock, r _p?

	a.	8.67%
	b.	12.54%
	c.	7.39%
	d.	5.58%
	e.	7.97%

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