Xyz corp has an 8 percent preferred stock that is currently


XYZ Corp. has an 8 percent preferred stock that is currently selling for $120 per share. If the par value is $100, what is the cost of preferred stock to the firm?

2.33%

6.67%

8.00%

9.75%

15.00%

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Financial Management: Xyz corp has an 8 percent preferred stock that is currently
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