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What is the cost of the company preferred stock

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Reference no: EM132624567

Question - A company has issued preferred stock that are valued at $75 a share. The preferred dividend is $5. The company's growth rate is 5%. What is the cost of the company's preferred stock?

a. 1.67%

b. 11.67%

c. 6.67%

d. 5%

Reference no: EM132624567

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