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What is the component cost of preferred stock if dividends are $5.75 and the stock sells for $75 per share (Rp= Dp/Pp). The tax rate

What is the component cost of preferred stock if dividends are $5.75 and the stock sells for $75 per share (Rp= Dp/Pp). The tax rate is 40%

4.5%
13.04%
5.75%
7.67%

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