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Question 8 Firm issues preferred stock at 9% Par value 83 Issuing and flotation costs 2 Tax rate 37% What is the cost of preferred

Question 8
	Firm issues preferred stock at		9%
	Par value		83
	Issuing and flotation costs		2
	Tax rate		37%
	What is the cost of preferred stock?
	Answer	%	2 marks

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