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Question 45 2.75 pts Torch Industries can issue perpetual preferred stock at a price of $45.00 a share. The stock would pay a constant annual

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Question 45 2.75 pts Torch Industries can issue perpetual preferred stock at a price of $45.00 a share. The stock would pay a constant annual dividend of $4.79 a share. What is the company's cost of preferred stock, rp? O 12.24% 0 7.98% O 10.64% 0 10.29%

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