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Muscat Co. has determined it can issue preferred stock at OMR 115 per share par value, currently sells for OMR 112 The stock will pay

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Muscat Co. has determined it can issue preferred stock at OMR 115 per share par value, currently sells for OMR 112 The stock will pay OMR 12 annual dividend. The cost of the preferred stock is Select one: a. 12 percent. @b. None of the answers are correct 10.7 percent o do 10.4 percent e. 6.4 percent

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