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Teddy Corp's preferred stock currently sells for $125.00 per share. The preferred stock pays an $8.50 dividend annually. What is the cost of preferred stock

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Teddy Corp's preferred stock currently sells for $125.00 per share. The preferred stock pays an $8.50 dividend annually. What is the cost of preferred stock the company should use in calculating its WACC? O a. 6.73% Ob. 7.21% Oc. 7.48% O d. 5.58% Oe. 6.80%

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