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Dewyco has preferred stock trading at $55 per share. The next preferred dividend of $5 is due in one year. What is Dewyco's cost of

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Dewyco has preferred stock trading at $55 per share. The next preferred dividend of $5 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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