Grill works and more has 5 percent preferred stock, Finance Basics

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Grill works and more has 5 percent preferred stock

Question: Grill Works and More has 5 percent preferred stock outstanding that is currently selling for $53 a share. The market rate of return is 8 percent and the firm's tax rate is 35 percent. What is the firm's cost of preferred stock? 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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