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Vvv inc preferred stock is currently traded

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VVV Inc.'s preferred stock is currently traded at $120 per share. Its par value is $80 per share and pays a 9% dividend. What is the company's cost of preferred stock? When answering this problem enter your answer using percentage notation but do not use the % symbol and use two decimals (rounding). For example, if your answer is 0.10469 then enter 10.47; if your answer is 10% then enter 10.00

Reference no: EM132345636

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