What is bank cost of preferred stock

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Reference no: EM131575514

Holdup Bank has an issue of preferred stock with a $9 stated dividend that just sold for $85 per share. What is the bank's cost of preferred stock?

a) 9.00%

b) 10.16%

c) 11.12%

d) 11.01%

e) 10.59%

Reference no: EM131575514

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