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Hazard Enterprise Inc. preferred stock is selling at $144 and pays a 4.0% annual dividend on a $100 par value. What is the cost of
Hazard Enterprise Inc. preferred stock is selling at $144 and pays a 4.0% annual dividend on a $100 par value. What is the cost of preferred if flotation costs are 12%? Enter the answer in percent, rounded to the nearest 0.01%, leaving off the "%
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