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Tunney Industries can issue perpetual preferred stock at a price of $29.00 a share. The stock would pay a constant annual dividend of $5.00 a

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Tunney Industries can issue perpetual preferred stock at a price of $29.00 a share. The stock would pay a constant annual dividend of $5.00 a share. What is the company's cost of preferred stock? O 17.24% 5.80% 5.00% Previous Page Next Page Page 2 of 10

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