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Determine the cost of the preferred stock is

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Reference no: EM132907972

Problem 1: A firm issued preferred stock last year at its $125 per share par value. The stock pays 15% a annual dividend. The cost of issuing and selling the stock (floating cost) is 15%. The cost of the preferred stock is ________.

Select one:
a. 8.2 percent
b. 13 percent
c. 18.4percent
d. 12 percent

Reference no: EM132907972

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