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What is the cost of preferred stock if the stock is selling for $208, the dividend is $35, and flotation costs are 5% of the

What is the cost of preferred stock if the stock is selling for $208, the dividend is $35, and flotation costs are 5% of the selling price?

	a.	17.7%
	b.	12.5%
	c.	10.8%
	d.	25.2%

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