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If Nikes decides to use preferred stock financing, it will have to issue 10% preferred dividend $50 par value preferred stock. It can sell these

If Nikes decides to use preferred stock financing, it will have to issue 10% preferred dividend $50 par value preferred stock. It can sell these at $45. What is its cost of preferred stock financing? **not sure how to find preferred stock financing. Any help would be great. Thanks!

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