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Your company has 9.5% preferred stock outstanding with face value of $100. The current price for share is $70 and book value of $80. What

Your company has 9.5% preferred stock outstanding with face value of $100. The current price for share is $70 and book value of $80.

What is the cost of preferred stock?

Calculate the following returns: (1/100 of one percent without % sign, e.g. 12.671, if a negative percentage, -9.56):

1) Cost of debt Answer

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