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What is the issuance cost of a preferred stock with the following characteristics: 10% preferred stock that is expected to sell for its $80-per share

What is the issuance cost of a preferred stock with the following characteristics: 10% preferred stock that is expected to sell for its $80-per share value. The cost of issuing and selling the stock is expected to be $10 per share. 11.4% 10.0% 12.5% 8.0%

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