What are some important elements of the collection, Financial Management

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What are some important elements of the collection

1. Fifteenth Bank has an issue of 7% preferred stock with a $100.00 par value that just sold for $109 per share. What is the bank’s cost of preferred stock? (Show your work and round your answer to two decimal places).

2. What are some important elements of the collection policy?

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Financial Management: What are some important elements of the collection

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