Antonios pizzeria has 8 percent preferred stock outstanding, Ask an Expert

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Antonio's Pizzeria has 8 percent preferred stock outstanding that sells for $71 a share. This stock was originally issued at $58 per share. What is Antonio's cost of preferred stock?

a. 8.00 percent

b. 10.50 percent

c. 11.27 percent

d. 13.79 percent

e. 16.00 percent

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Basic Finance, Finance

Category:- Basic Finance
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