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1- Your firm is planning to issue preferred stock

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  Your firm is planning to issue preferred stock. The stock is expected to sell for $ 98.42 a share and will have a $ 100 par value on which the firm will pay a 14.2 percent dividend. What is the cost of capital to the firm for the preferred stock?

The firm cost of capital for the preferred stock is   …..% ( round two decimal )

 
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