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Question 49 6 points Save Answer New Pi Inc.'s preferred stock is currently priced at $75.00 per share. The stock pays a constant annual dividend

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Question 49 6 points Save Answer New Pi Inc.'s preferred stock is currently priced at $75.00 per share. The stock pays a constant annual dividend of $5.70 a share. What is the company's cost of preferred stock? Oa 7.6% Ob. 7.0% O c. 5.7% Od 6.4%

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