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Holdup Bank has an issue of preferred stock with a $5 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 $5 stated dividend that just sold for $88 per share. What is the bank's cost of preferred stock? Multiple Choice O 5.68% O 5.00% O 5.97% O 5.45% 0 5.91%

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