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What is the cost of preferred stock for XZY, Inc. Dividend = $5 per share Price of preferred stock = $55 Flotation cost = $3

What is the cost of preferred stock for XZY, Inc.

Dividend = $5 per share

Price of preferred stock = $55

Flotation cost = $3 per share

Question 3 options:

a) 10.26%

b) 9.32%

c) 10.62%

d) 9.62%

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