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Kyle is raising funds for his company by selling preferred stock. The preferred stock has a par value of ​$101 and a dividend rate of 6.2%. The stock is selling for ​$68.44 in the market. What is

Kyle is raising funds for his company by selling preferred stock. The preferred stock has a par value of ​$101 and a dividend rate of 6.2%. The stock is selling for ​$68.44 in the market. What is the cost of preferred stock for​ Kyle?

Aug 14 2021 View more View Less

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