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a. 11. A company's perpetual preferred stock currently trades at $80 per share and pays a $6.00 annual dividend per share. If the company were

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a. 11. A company's perpetual preferred stock currently trades at $80 per share and pays a $6.00 annual dividend per share. If the company were to sell a new preferred issue, it would incur a flotation cost of 4%. What would the cost of that capital be? 7.51% 7.81% 7.99% d. 8.36% 8.62% C e

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