What is the cost of capital for the stock to firm

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Question 1: Your firm is planning to issue preferred stock. The stock sells for ?$112?; ?however, if new stock is? issued, the company would receive only ?$94.08. The par value of the stock is ?$100?, and the dividend rate is 13 percent. What is the cost of capital for the stock to your? firm?

The cost of capital for the preferred stock to your firm is __%. ?(Round to two decimal? places.)

Reference no: EM132488572

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