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I need help ABC Company's preferred stock is currently selling for $24.00, and pays an annual dividend of $2.40. Underwriters of a new issue of

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ABC Company's preferred stock is currently selling for $24.00, and pays an annual dividend of $2.40. Underwriters of a new issue of preferred stock would charge $2 in flotation costs. Compute the cost of preferred stock for ABC. D= 2.40 NP= Kps=

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