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Dewyco has preferred stock trading at $49.39 per share. The next pteferted dividend of $5.60 is due in one year. What is Dewyco's cost of

Dewyco has preferred stock trading at $49.39 per share. The next pteferted dividend of $5.60 is due in one year. What is Dewyco's cost of capital for preferred $ Dewyco's cost of capital for preferted stock is \%. (Round to two decimal places.)

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