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Zink Industries can issue perpetual preferred stock at a price of $74.80 a share. The stock would pay a constant annual dividend of $6.44 a

Zink Industries can issue perpetual preferred stock at a price of $74.80 a share. The stock would pay a constant annual dividend of $6.44 a share. What is the companys cost of preferred stock, r _p?

	a.	7.93%
	b.	11.19%
	c.	9.42%
	d.	8.61%
	e.	11.61%

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