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Margarita's Beverages preference shares pay an annual dividend of $0.80. If the preference shares have a market price of $5.80, what is the firm's cost

Margarita's Beverages preference shares pay an annual dividend of $0.80. If the preference shares have a market price of $5.80, what is the firm's cost of preference shares?

4.64 percent 7.25 percent 9.19 percent 11.08 percent 13.79 percent

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