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Growfast Construction has preferred stock outstanding that pays a dividend of $0.55 per year The current market price of the preferred stock is $19 What

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Growfast Construction has preferred stock outstanding that pays a dividend of $0.55 per year The current market price of the preferred stock is $19 What is the cost of preterred stock to Growfast? The cost of preferred stock to Growfast is % (Round to two decimal places)

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