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IVY has preferred stock selling for 97.7 percent of par that pays a 7.3 percent annual coupon. What would be IVY's component cost of preferred

IVY has preferred stock selling for 97.7 percent of par that pays a 7.3 percent annual coupon. What would be IVY's component cost of preferred stock? 7.30% 7.47\% 7.13% 16.79%

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