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Holdup Bank has an issue of preferred stock with a $8 stated dividend that just sold for $88 per share. What is the bank's cost

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Holdup Bank has an issue of preferred stock with a $8 stated dividend that just sold for $88 per share. What is the bank's cost of preferred stock? Multiple Choice O 8.73% o 9.45% o 9.55% 9.09% 8.00%

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