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P14.5 Calculating Cost of Preferred Stock [LO1] 16 Holdup Bank has an issue of preferred stock with a $5 stated dividend that just sold for

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P14.5 Calculating Cost of Preferred Stock [LO1] 16 Holdup Bank has an issue of preferred stock with a $5 stated dividend that just sold for $88 per share. What is the bank's cost of preferred stock? 1 points Multiple Choice References 5.00% 5.91% 5.45% 5.68% 5.97%

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