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Cost of preferred stock Determine the cost for the following preferred stock (Click on the...

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Accounting

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Cost of preferred stock Determine the cost for the following preferred stock (Click on the icon here in order to copy the contents of the data table below into a spreadsheet) Par value 580.00 Sale price 582.40 Flotation cost $5.60 Annual dividend 8% The cost of preferred stock is %. (Round to two decimal places.) Enter your answer in the answer box and then click Check Answer All parts showing Clear All Check

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