What is the company cost of preferred stock

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Hettenhouse Company's perpetual preferred stock sells for $105.00 per share, and it pays a $10.50 annual dividend. If the company were to sell a new preferred issue, it would incur a flotation cost of 8.00% of the price paid by investors. What is the company's cost of preferred stock for use in calculating the WACC?

Reference no: EM132813930

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