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Quest, Inc.'s 8% stock ($75 par value) is selling for $80 a share. If the firm's marginal tax rate were 50 percent, the cost of

Quest, Inc.'s 8% stock ($75 par value) is selling for $80 a share. If the firm's marginal tax rate were 50 percent, the cost of new preferred would be closest to ________, assuming that the firm maintains its current capital structure in market value terms

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