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Fin help! . A preferred stock selling for $104 with an annual dividend payment of $8 The flotation cost will be $6 per share. The

Fin help! .

A preferred stock selling for $104 with an annual dividend payment of $8 The flotation cost will be $6 per share. The company's marginal tax rate is 30 percent.Solve for the cost of capital for the prefered stock

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