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of the market price, so the net price will be Travis Industries plans to sue perpetual preferred stock with an $11.00 dividend. The stock is

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of the market price, so the net price will be Travis Industries plans to sue perpetual preferred stock with an $11.00 dividend. The stock is currently selling for $115.00, but Rotation costs will be $105.80 per share. What is the cost of the preferred stock, Induding Rotation Round your answer to two decimal places o

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