Determine the cost for the preferred stock

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Cost of preferred stock

Determine the cost for the following preferred stock. ?(Click on the icon located on the? top-right corner of the data table below in order to copy its contents into a? spreadsheet.)

Par value    Sale price    Flotation cost     Annual dividend

?$110.00       ?$104.50 ?         $6.60                   12?%

The cost of preferred stock is ?%. ?(Round to two decimal? places.)

Reference no: EM131597422

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