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QUESTION 41 A firms preferred stock currently sells for $100 per share and pays a dividend of $11 per share. However, the firm will only

QUESTION 41 A firms preferred stock currently sells for $100 per share and pays a dividend of $11 per share. However, the firm will only receive $95 per share from the sale of new preferred stock due to the floatation costs. Whats the firms component cost of Preferred stock? 10.5% 10.9% 11.6% 12.3%.

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