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Sixth Fourth Bank has an issue of preferred stock with a $6.30 stated dividend that just sold for $125 per share. Required: What is the

Sixth Fourth Bank has an issue of preferred stock with a $6.30 stated dividend that just sold for $125 per share. Required: What is the banks cost of preferred stock? (Do not round intermediate calculations. Enter your answer as a percentage rounded to 2 decimal places (e.g., 32.16).) Cost of preferred stock %

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