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The price of the preferred stock of XYZ Company is $97.50 a share, and the preferred stocks have a $10.00 dividend per share; what is
The price of the preferred stock of XYZ Company is $97.50 a share, and the preferred stocks have a $10.00 dividend per share; what is XYZ Company's cost of preferred stock?
97.5%
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11.3%
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10.3%
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9.75%
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