Marme Inc. has preferred stock selling for 137% of par that pays an 11% annual dividend. What would be Marme's component cost of preferred stock?

Name: Marme Inc. has preferred stock selling for 137% of par that pays an 11% annual dividend. What would be Marme's component cost of preferred stock?
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The Answer of Marme Inc. has preferred stock selling for 137% of par that pays an 11% annual dividend. What would be Marme's component cost of preferred stock?

Marme Inc Has Preferred Stock Selling for 137% of Par That