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P14-5 Calculating Cost of Preferred Stock [LO1 Holdup Bank has an issue of preferred stock with a $10 stated dividend that just sold for $90

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P14-5 Calculating Cost of Preferred Stock [LO1 Holdup Bank has an issue of preferred stock with a $10 stated dividend that just sold for $90 per share. What is the bank's cost of preferred stock? ? 10.67% ? 10.00% 0 11.67% O 11.11% ? 11.56%

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