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Fin3290 inc. has a preferred share issue outstanding with a current price of $26.57. The firm is expected to pay a dividend of $2.50 per

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Fin3290 inc. has a preferred share issue outstanding with a current price of $26.57. The firm is expected to pay a dividend of $2.50 per share a year from today. What is the firm's cost of preferred equity? Round your final answer to nearest percentage. none of these 9.41% 7.00% 7.50% 10.62%

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