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Intro Four Seasons has preferred stock outstanding that promises to pay a quarterly dividend of $0.9 every quarter forever. The stock currently trades for

Intro Four Seasons has preferred stock outstanding that promises to pay a quarterly dividend of $0.9 every quarter forever. The stock currently trades for $26. Part 1 What is the annualized cost of preferred stock? 3+ decimals Submit Attempt 1/3 for 5 pts.

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