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You have been hired to help a company decide if they should preferred stock to help finance a capital project. If the stock would provide

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You have been hired to help a company decide if they should preferred stock to help finance a capital project. If the stock would provide a dividend of $8 per share and had a selling price of $95 per share, calculate the cost of the preferred stock. 8.4% 6.25% 11.875% 9.29

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