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Holdup Bank has an issue of preferred stock with a $5 stated dividend that just sold for $86 per share. What is the bank's cost

image text in transcribed Holdup Bank has an issue of preferred stock with a $5 stated dividend that just sold for $86 per share. What is the bank's cost of preferred stock? Multiple Choice 6.10% 5.58% 6.05% 5.00% 5.81%

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