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If a stock has a $9.00 dividend per share, and it will be priced at $80.00 a share. What is the cost of the preferred

If a stock has a $9.00 dividend per share, and it will be priced at $80.00 a share. What is the cost of the preferred stock?

a

12.60%

b

11.75%

c

11.25%

d

12.30%

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