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Question 31 Molba's Toast has a preferred share issue outstanding with a current price of $20.00. The tems expected to pay a dividend of $2.30

Question 31 Molba's Toast has a preferred share issue outstanding with a current price of $20.00. The tems expected to pay a dividend of $2.30 por share a year from today What is the firm's cost of preferred equity? 11.50 11.75 1200 12.259 stion 32

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