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Question 31: A company can sell preferred stock for $26 per share, and each share of stock is expected to pay a dividend of

Question 31: A company can sell preferred stock for $26 per share, and each share of stock is expected to pay a dividend of $2. If the flotation cost per share of stock is $0.75, what would be the cost of this preferred stock? a) 7.9% b) 8.2% 7.4% d) 10.25%

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