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Holdup Bank has an issue of preferred stock with a $4 stated dividend that just sold for $85 per share. What is the bank's cost

Holdup Bank has an issue of preferred stock with a $4 stated dividend that just sold for $85 per share. What is the bank's cost of preferred stock? 4.52% 4.89% 4.94% 4.71% 4.00%

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