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Investment Bankers to sell the preferred stock. Wilson charges a fee of 2 % on the sale of preferred stock. What is the cost of

Investment Bankers to sell the preferred stock. Wilson charges a fee of

2 %

on the sale of preferred stock. What is the cost of preferred stock for Kyle using the investment banker?

What is the cost of preferred stock for Kyle using the investment banker?

(

Round to two decimal places.

)

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