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Blossom Luxury Liners has preferred shares outstanding that pay an annual dividend equal to $14 per year. If the current price of Blossom preferred shares

Blossom Luxury Liners has preferred shares outstanding that pay an annual dividend equal to $14 per year. If the current price of Blossom preferred shares is $107.69, what is the after-tax cost of preferred stock for Blossom? After-tax cost of preferred stock %

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