What is the firm cost of preferred stock

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Question - The 8 percent preferred stock of Margarit's Beverages is selling for $58 a share. What is the firm's cost of preferred stock?

a. 4.64 percent

b. 7.25 percent

c. 9.19 percent

d. 11.08 percent

e. 13.79 percent

Reference no: EM132596801

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