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Klieman Company's perpetual preferred stock sells for $85 per share and pays a $6.2 annual dividend per share. If the company were to sell a
Klieman Company's perpetual preferred stock sells for $85 per share and pays a $6.2 annual dividend per share. If the company were to sell a new preferred issue, it would incur a flotation cost of 3.6% of the price paid by investors. What is the company's cost of preferred stock? 08.07% 6.07% 7.57% 7.079 6.57%
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