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Holdup Bank has an issue of preferred stock with a $9 stated dividend that just sold for $86 per share. What is the bank's cost

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Holdup Bank has an issue of preferred stock with a $9 stated dividend that just sold for $86 per share. What is the bank's cost of preferred stock? Multiple Choice O 10.05% 10.99% 0 10.88% 10.47% 9.00% C

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