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What is the companys cost of preferred stock for use in

Pearl Corporation's preferred stock sells for $80.00 per share, and it pays an $9.50 annual dividend. If the company were to sell a new preferred issue, it would incur a flotation cost of 3.00% of the price paid by investors. What is the company's cost of preferred stock for use in calculating the WACC?

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Finance Basics: What is the companys cost of preferred stock for use in

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