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Rose has preferred stock selling for 99.0 percent of par that pays a 9.0 percent annual coupon. What would be Rose's component cost of preferred

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Rose has preferred stock selling for 99.0 percent of par that pays a 9.0 percent annual coupon. What would be Rose's component cost of preferred stock? 8.91% 9.09% 9.00% 4.55%

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