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The 16.00 percent preferred stock of Ajax Unlimited is selling for $93.80 a share. What is the cost of preferred stock if the risk-free rate

The 16.00 percent preferred stock of Ajax Unlimited is selling for $93.80 a share. What is the cost of preferred stock if the risk-free rate is 4.70 percent? O 20.86 percent O 16.12 percent O 1706 percent O 20.25 percent

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