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FAMA's preferred stock currently sells for $50 per share, and it pays an $5 annual dividend. What is the firm's cost of preferred stock? 10%

FAMA's preferred stock currently sells for $50 per share, and it pays an $5 annual dividend. What is the firm's cost of preferred stock?

10%

9.56%

9.10%

8.22%

8.65%

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