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quicklyyyyyy plsss A company has issued bonds at the cost of 12% and preferred stocks that pays a dividend of 5%. What is the cost

quicklyyyyyy plsss

A company has issued bonds at the cost of 12% and preferred stocks that pays a dividend of 5%. What is the cost of debt if tax rate is 38% and flotation cost for issuing debt is 3%?

6.16%

7.67%

4.08%

5.78%

8.79%

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