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P9-8 (Si ar to) Question Help Cost of proferred stock Determine the cost for the following preferred stock (Click on the icon located on the

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P9-8 (Si ar to) Question Help Cost of proferred stock Determine the cost for the following preferred stock (Click on the icon located on the top-right corner of the data table below in order to copy its contents into a spreadsheet.) Par value Sale price Flotation cost Annual dividend $110.00 $118.80 $7.70 The cost of preferred stock is %. (Round to two decimal places.)

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