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Question 9 (1 point) ABC Co. has preferred stock outstanding which pays a dividend of $4 per share a year. The current stock price is

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Question 9 (1 point) ABC Co. has preferred stock outstanding which pays a dividend of $4 per share a year. The current stock price is $38 per share. What is the cost of preferred stock? 8.34% 9.94% 11.28% 12.57% 10.53%

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