If Muscat Tiles has preferred stock at $120 per share, the cost of preferred stock...

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Accounting

If Muscat Tiles has preferred stock at $120 per share, the cost of preferred stock 0.116, then what is a stated dividend if the flotation cost is 3%?
Select one:
a. All the given choices are not correct
b. 13.92
c. 13.50
d. 14.34
e. 14.71

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