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Intro Snowglobe Inc. has preferred stock outstanding that promises to pay a fixed annual dividend of $0.8 forever. The stock currently trades for $7.2. Attempt

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Intro Snowglobe Inc. has preferred stock outstanding that promises to pay a fixed annual dividend of $0.8 forever. The stock currently trades for $7.2. Attempt 1/3 for 10 pts. Part 1 What is the cost of preferred stock? 3+ decimals Submit

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