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Blossom Luxury Liners has preferred shares outstanding that pay an annual dividend equal to $28 per year. If the current price of Blossom preferred shares

Blossom Luxury Liners has preferred shares outstanding that pay an annual dividend equal to $28 per year. If the current price of Blossom preferred shares is $164.71, what is the after-tax cost of preferred stock for Blossom?

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