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Dewyco has preferred stock trading at $48 per share. The next preferred dividend of $6 is due in one year. What is Dewyco's cost of

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Dewyco has preferred stock trading at $48 per share. The next preferred dividend of $6 is due in one year. What is Dewyco's cost of capital for preferred stock? The cost of capital for preferred stock is%. (Round to one decimal place.)

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