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"000 T-Mobile Wi-Fi 8:15 PM ezto.mheducation.com Principles of Finance: Principles of Finance FIN '01 'OIR-17 Mod 44 IFINANCE Chapter 11 Pre-Built Problems Philip Williams instructions help Score This Question 8. < Review Question 8 (of 18) value: 5.55 points Marme, Inc., has preferred stock selling for 97 percent of par that pays a 11 percent annual coupon. What would be Marme's component cost of preferred stock? (Round your answer to 2 decimal places.) Cost of preferred stock Hints Hint #1 Check my work References