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FIN 300 > Topic 6 Cost of Capital and ... Problem 11 Intro Snowglobe Inc. has preferred stock outstanding that promises to pay a fixed

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FIN 300 > Topic 6 Cost of Capital and ... Problem 11 Intro Snowglobe Inc. has preferred stock outstanding that promises to pay a fixed annual dividend of $0.81 forever. The stock currently trades for $7.76. Attempt 1/5 for 2 pts. Part 1 What is the cost of preferred stock? 31 decimals Submit search g C

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