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The 8 percent preferred stock of Margarit's Beverages is selling for $58 a share. What is the firm's cost of preferred stock? a. 4.64 percent

The 8 percent preferred stock of Margarit's Beverages is selling for $58 a share. What is the firm's cost of preferred stock? a. 4.64 percent b. 7.25 percent c. 9.19 percent d. 11.08 percent e. 13.79 percent

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