5. If preferred stock pays a $5 annual dividend and sells for $100. The cost of preferred stock financing is _______ if we don’t consider floatation costs. 5% 10% 25% 50%

5. If preferred stock pays a $5 annual dividend and sells for $100. The cost of preferred stock financing is _______ if we don’t consider floatation costs.

5%

10%

25%

50%

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