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Your company is trying to determine the appropriate cost of preference shares to use in determining the firm'e cost of capital. The preference shares are

Your company is trying to determine the appropriate cost of preference shares to use in determining the firm'e cost of capital. The preference shares are currently selling for $3.60 and pay a fixed annual dividend of $0.26. Compute the cost of these preference shares

Question 34 options:

8.0%

7.7%

7.2%

6.8%

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