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how would i solve this? Freefall Skydiving pays an annual dividend on its preferred stock of $4.33 per share. If the stock is currently selling

how would i solve this?
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Freefall Skydiving pays an annual dividend on its preferred stock of $4.33 per share. If the stock is currently selling at $52.14 per share, what is the company's cost of preferred stock for purposes of estimating its weighted-average cost of capital (WACC)? Answer Format: Positive percentage rounded to 2 decimal places

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