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Four Seasons has preferred stock outstanding that promises to pay a quarterly dividend of $0.72 every quarter forever. The stock currently trades for $32.

Four Seasons has preferred stock outstanding that promises to pay a quarterly dividend of $0.72 every quarter forever. The stock currently trades for $32. Part 1 What is the annualized cost of preferred stock? 4+ decimals Attempt 1/5 for 5 pts.

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