The preferred stock of Texas Southern Power Company sells for $39 and pays $5 in...

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The preferred stock of Texas Southern Power Company sells for $39 and pays $5 in dividends. The net price of the security after issuance costs is $33.15. What is the cost of capital for the preferred stock? O A. 1.09% O B. 13.72% O C. 15.08% O D.21.9196

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