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What is the cost of preferred stock if the annual dividend is $8.75, stock price is $12, and the flotation cost is $3? How is

What is the cost of preferred stock if the annual dividend is $8.75, stock price is $12, and the flotation cost is $3? How is the cost of preferred stock impacted if the annual dividend increases to $9? What if the annual dividend decreases to $8.50

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