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14. Lantana Inc. has preferred stock outstanding which pays a dividend of $4 per share...

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14. Lantana Inc. has preferred stock outstanding which pays a dividend of $4 per share a year. The current price is $32 per share. What is its cost of preferred stock? a 8.0% b. 9.0% c. 10.0% d. 11.0% e. 12.5%

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