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Intro The table below shows some information for three different issues of preferred stock: Stock Par value Annual dividend rate Issue price Issue costs

Intro The table below shows some information for three different issues of preferred stock: Stock Par value Annual dividend rate Issue price Issue costs per share 1 100 0.06 2 50 0.06 3 20 0.08 287 92 7 50 3 17 2 Part 1 What is the cost of preferred stock 1? 3+ decimals Attempt 2/10 for 10 pts. Submit

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