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QUESTION 9 Lowell Inc. wants to issue preferred stock at a price of $30 a share. The issue is expected to pay a annual dividend

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QUESTION 9 Lowell Inc. wants to issue preferred stock at a price of $30 a share. The issue is expected to pay a annual dividend of $2 a share. The fotation cost on the issue will be 2%. What is company's cost of preferred stock? 6.80% 6.67% 7,02% 06.007%

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