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than the dividend growth model. 9. If the dividend is $8 and the cost of preferred stock is 18%, its price 20%. 11. If the
than the dividend growth model. 9. If the dividend is $8 and the cost of preferred stock is 18%, its price 20%. 11. If the last dividend paid = $5, the dividend growth rate = 6% and the current stock price = $100, the cost of equity > 11%. 12. Both bank loans and bond sales are examples of debt capital. 0 O
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