What would be marme component cost of preferred stock

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Marme Inc. has preferred stock selling for 137 percent of par that pays an 11 percent annual coupon. What would be Marme's component cost of preferred stock?

Reference no: EM13294409

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What would be marme component cost of preferred stock : Marme Inc. has preferred stock selling for 137 percent of par that pays an 11 percent annual coupon. What would be Marme's component cost of preferred stock?
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