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Megan's Automotive Repair has 232,600 shares of 6.00 percent preferred stock outstanding, with a par value of $100 and a market price of $46.22. What

Megan's Automotive Repair has 232,600 shares of 6.00 percent preferred stock outstanding, with a par value of $100 and a market price of $46.22. What is the company's cost of preferred stock? Rpreferred = %

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