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Sidman Products has preferred stock which pay a perpetual annual dividend of $11. These preferred stocks currently sell at $108.50 per share. If the marginal

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Sidman Products has preferred stock which pay a perpetual annual dividend of $11. These preferred stocks currently sell at $108.50 per share. If the marginal tax rate is 25%, what is the cost of Sidman's preferred Stock? 10.14% 7.60% 10.67% 15.14%

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