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Green World Inc. preferred stock has a par value of $100 and pays a 7% dividend. The current market price for this preferred stock is$89.50.

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Green World Inc. preferred stock has a par value of $100 and pays a 7% dividend. The current market price for this preferred stock is$89.50. What is the cost of preferred stock funding for this firm? Select one: O 7.00% 12.55% O 11.73% O 9.85% O 7.82%

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