[Solved] Dewyco has preferred stock trading at $53

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Dewyco has preferred stock trading at $53 per share. The next preferred dividend of $3 is due in one year. What is Dewyco's cost of

Dewyco has preferred stock trading at $53 per share. The next preferred dividend of $3 is due in one year. What is Dewyco's cost of capital for preferred stock?

The cost of capital for preferred stock is?

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