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Holdup Bank has an issue of preferred stock with a $6 stated dividend that just sold for $94 per share. What is the bank's cost

Holdup Bank has an issue of preferred stock with a $6 stated dividend that just sold for $94 per share. What is the bank's cost of preferred stock? Multiple Choice 6.38% 6.70% 6.00% 6.64% 6.13%

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