What is the cost of preferred stock

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Holdup Bank has an issue of preferred stock with a $4.45 stated dividend that just sold for $81 per share. What is the bank's cost of preferred stock? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)

Reference no: EM131302274

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What is the cost of preferred stock : Holdup Bank has an issue of preferred stock with a $4.45 stated dividend that just sold for $81 per share. What is the bank's cost of preferred stock?

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