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Bauer Company's preferred stock is currently selling at $80 per share and pays an dividend...

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Bauer Company's preferred stock is currently selling at $80 per share and pays an dividend of $8 per share. The company will incur 5% flotation cost if they issue new preferred stock. What is Bauer's cost of preferred stock (with adjustment of flotation costs) annual 11.05% 10.23% 10.53% 11.81% 10.74%

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