Firm is planning to issue preferred stock

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Reference no: EM131499060

Your firm is planning to issue preferred stock. The stock is expected to sell for ?$98.01 a share and will have a ?$100 par value on which the firm will pay a13.1 percent dividend. What is the cost of capital to the firm for the preferred? stock?

a. The? firm's cost of capital for the preferred stock is --------?%.?(Round to two decimal? places.)

Reference no: EM131499060

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