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(Cost of preferred stock) The preferred stock of Walter Industries Inc. comrently sells for $36.67 a share and pay 52 44 in dividends annually. What

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(Cost of preferred stock) The preferred stock of Walter Industries Inc. comrently sells for $36.67 a share and pay 52 44 in dividends annually. What is the fem's cost of capital for the preferred stock? The firm's cost of capital for the preferred stock is 0% (Round to two decimal places)

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