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2. Dude Ranch is going international with the purchase of a kangaroo ranch in Australia. The preferred stock has a par value of $50, a

2. Dude Ranch is going international with the purchase of a kangaroo ranch in Australia. The preferred stock has a par value of $50, a dividend payment of 8%, and a current price of $52. a. What is the cost of preferred stock? (3 pts)

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