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56 A company's preferred equity is trading at 140pershare.Theannualdividendrateis8.0140 per share. The annual dividend rate is 8.0% and the par value is 140pershare.Theannualdividendrateis8.0150 per share. The cost of the preferred equity is closest to:
A
7.1%.
B
8.0%.
C
8.6%.
