What is DEFs Corporation cost of preferred stock

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Reference no: EM132040368

DEF Corporation had two issues of ordinary preferred stock with a $100 par value traded on the NYSE. One issue paid $5.56 annually per share and sold for $95.55 per share. The other paid $5.88 per share annually and sold for $97.50 per share. What is DEF’s Corporation’s cost of preferred stock?

Reference no: EM132040368

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