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The 14.00 percent preferred stock of Ajax Unlimited is selling for $93.40 a share. What is the cost of preferred stock if the risk-free rate is 4.50

The 14.00 percent preferred stock of Ajax Unlimited is selling for $93.40 a share. What is the cost of preferred stock if the risk-free rate is 4.50 percent?
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8421491.xls

If you want the formulas and any calculations, select the corresponding cell and press F2(Function Key on key board), It will show all calculations and formulas Automatically Question: The 14.00...

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