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(answered) – 1- Your firm is planning to issue preferred stock. The stock is

$11.00

(answered) – 1- Your firm is planning to issue preferred stock. The stock isDescriptionSolution downloadThe Question1-????? Your firm is planning to issue preferred stock. The stock is expected to sell for $ 98.42 a share and will have a $ 100 par value on which the firm will pay a 14.2 percent dividend. What is the cost of capital to the firm for the preferred stock?The firm cost of capital for the preferred stock is?? ?..% ( round two decimal )