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Accounting

Problem:

The preferred stock of CISO, Inc., pays an annual dividend of $6.50 a share and sells for $48 a share.

Required:

Question: What is CISO's cost of preferred stock?

a. 3.12%

b. 9.19%

c. 7.38%

d. 9.46%

e. 13.54%

Note: Provide support for rationale.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M91172384

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