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Great Corporation will sell preferred stock for $105 per share and pay an annual dividend of $7.50 per share. The company's marginal tax rate is

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Great Corporation will sell preferred stock for $105 per share and pay an annual dividend of $7.50 per share. The company's marginal tax rate is 20 percent and flotation cost is $6.00 per share. What is the company's cost of capital for this preferred stock sale

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