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QUESTION 4 Montenegro Industries can issue perpetual preferred stock at a price of $74.00 a share. The stock would pay a constant annual dividend of

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QUESTION 4 Montenegro Industries can issue perpetual preferred stock at a price of $74.00 a share. The stock would pay a constant annual dividend of $6.39 a share. What is the company's cost of preferred stock, r p? a. 11.58% b. 7.95% c. 8.64% d. 6.04% e. 9.45%

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