Your firm is planning to issue preferred stock the stock is, Finance Basics

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Your firm is planning to issue preferred stock the stock is

Question: Your firm is planning to issue preferred stock. The stock is expected to sell for $97.23 a share and will have a $100 par value on which the firm will pay a 14.9 percent dividend.

What is the cost of capital to the firm for the preferred stock?

The firm's cost of capital for the preferred stock is __%. (Round to two decimal? places.)

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Finance Basics: Your firm is planning to issue preferred stock the stock is

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Finance Basics: Your firm is planning to issue preferred stock the stock is

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