What is the cost of preferred stock-risk-free rate

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Reference no: EM13806649

The 8.50 percent preferred stock of Ajax Unlimited is selling for $92.30 a share. What is the cost of preferred stock if the risk-free rate is 3.95 percent?

8.27 percent

9.21 percent

13.01 percent

12.40 percent

Reference no: EM13806649

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