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Dewyco has preferred stock trading at $51 per share. The next preferred dividend of $6 is due in one year, What is Dewyco's cost of

Dewyco has preferred stock trading at $51 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 preserred stock is 8. (Round to cone docimal place.)

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