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XY company has 9% preferred stock outstanding and the par is $100. Currently, this stock has a market value per share of $72 and a

XY company has 9% preferred stock outstanding and the par is $100. Currently, this stock has a market value per share of $72 and a book value per share of $55. What is the cost of preferred stock?

--------------- I do not want a detailed answer. I just want the final answer as soon as possible. Solve quickly I get you thumbs up directly Thank's Abdul-Rahim Taysir

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