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Seven Question 17 Sponte The Bellevue firm will issue preferred stock with flotation costs of 5%. If the shares will sell for $48 and pay

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Seven Question 17 Sponte The Bellevue firm will issue preferred stock with flotation costs of 5%. If the shares will sell for $48 and pay dividends of $1 the firm's cost of preferred as a percent to two places will be

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