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Homework: Chapter 13 Homework (Copy) 4 of 13 (0 complete) Score: 0 of 1 pt P 13-8 (similar to) Dewyco has preferred stock trading at

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Homework: Chapter 13 Homework (Copy) 4 of 13 (0 complete) Score: 0 of 1 pt P 13-8 (similar to) Dewyco has preferred stock trading at $47 per share. The next preferred dividend of $6 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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