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  Kyle is raising funds for his company by selling preferred stock. The preferred stock has a par value of ​$83 and a dividend rate of 9.3​%. The stock is selling for ​$59.52 in the market

  Kyle is raising funds for his company by selling preferred stock. The preferred stock has a par value of ​$83 and a dividend rate of 9.3​%. The stock is selling for ​$59.52 in the market. What is the cost of preferred stock for​ Kyle?

 

May 20 2021 View more View Less

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