Sixth fourth bank has an issue of preferred stock with a, Financial Management

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Sixth fourth bank has an issue of preferred stock with a

Sixth Fourth Bank has an issue of preferred stock with a $5.60 stated dividend that just sold for $98 per share. Required: What is the bank’s cost of preferred stock? (Do not round intermediate calculations. Enter your answer as a percentage rounded to 2 decimal places (e.g., 32.16).)

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Financial Management: Sixth fourth bank has an issue of preferred stock with a

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Financial Management: Sixth fourth bank has an issue of preferred stock with a

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