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ILK has preferred stock selling for 92% of its $100 par value and pays an 12% annual coupon. What would be lLKs cost of preferred

ILK has preferred stock selling for 92% of its $100 par value and pays an 12% annual coupon. What would be lLKs cost of preferred stock? 11.10%9.50%12.00%13.04%

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