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Suppose Half Price Bookstore company is about to sell 100,000 preferred stocks at the price of $46 per share which pays $3 annual dividend. If
Suppose Half Price Bookstore company is about to sell 100,000 preferred stocks at the price of $46 per share which pays $3 annual dividend. If the flotation fosts is 6% of the stock price then what is the cost of capital for the preferred stock? state your answer in percentage with two decimal point
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