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The FIN340 Company preferred stock is current trading at $58.82 and pays an annual dividend of $4.56 and the company's tax rate is 21.0%; What

The FIN340 Company preferred stock is current trading at $58.82 and pays an annual dividend of $4.56 and the company's tax rate is 21.0%; What is the company's After-Tax Cost of Preferred Stock?

9.38%

45.60%

36.02%

55.18%

26.68%

7.75%

6.12%

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