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K Inc paid a dividend of $10 per share to preference shareholders and $15 per share to equity shareholders. The current selling price of preference

K Inc paid a dividend of $10 per share to preference shareholders and $15 per share to equity shareholders. The current selling price of preference share in the market is $50. Compute the cost of preference share of K inc. Answer choices: a. 30% b. 20% c. 25% 1.28%

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