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Abc bank has an issue of preferred stocks with a 15 annual

Question: ABC bank has an issue of preferred stocks with a $1.5 annual dividend per share. It's quoted at $30 per share. ABC wants to sell more preferred to raise capital. What's the cost of it's preferred? The response must be typed, single spaced, must be in times new roman font (size 12) and must follow the APA format.

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