What is cost of capital to the firm for preferred stock

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Reference no: EM13847885

Your firm is planning to issue preferred stock. The stock is expected to sell for $98.91 a share and will have a $100 par value on which the firm will pay a 14.3% dividend. What is the cost of capital to the firm for the preferred stock?

The firm's stock of capital for the preferred stock is _____% ?

Reference no: EM13847885

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