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Find what the cost of the preferred stock is

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Reference no: EM132907962

Problem 1: A firm just issued new preferred stock at its $125 per share par value. The stock pays 15% annual dividend. The cost of issuing and selling the stock (floating cost) is 5%. The cost of the preferred stock is ________.

Select one:
a. 12.36 percent
b. 12 percent
c. 13 percent
d. 13.64percent

Reference no: EM132907962

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