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Mayo Inc.'s perpetual preferred stock sells for $165.00 per share, and it pays a $9.00 annual dividend. Flotation costs are 4.5% What is the company's

Mayo Inc.'s perpetual preferred stock sells for $165.00 per share, and it pays a $9.00 annual dividend. Flotation costs are 4.5% What is the company's cost of preferred stock for use in calculating the WACC

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