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Question 2) Wildhorse Autos has preferred shares outstanding that pay annual dividends of $7, and the current price of the shares is $100. What is

Question 2) Wildhorse Autos has preferred shares outstanding that pay annual dividends of $7, and the current price of the shares is $100. What is the after-tax cost of new preferred shares for Wildhorse if the flotation (issuance) costs for preferred shares are 5 percent?

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