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3. The cost of preferred stock Blue Panda has preferred stock that pays a dividend...

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3. The cost of preferred stock Blue Panda has preferred stock that pays a dividend of $7.00 per share and sells for $100 per share. It is considering issuing new shares of preferred stock. These new shares incur an underwriting (or flotation) cost of 2.30%. How much will Blue Panda pay to the underwriter on a per-share basis? O $87.93 $1.95 O $2.53 O $2.30 After it pays its underwriter, how much will Blue Panda receive from each share of preferred stock that it issues? O $87.93 O $2.53 7.16% O $1.95 5.73% $97.70 6.80% O $2.30 7.88% Based on this information, Blue Panda's cost of preferred stock is

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