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NEED ASAP The preferred stock of Dolphin Pools pays an annual dividend of $5.20 a share and sells for $48 a share. The tax rate

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The preferred stock of Dolphin Pools pays an annual dividend of $5.20 a share and sells for $48 a share. The tax rate is 21 percent. What is the firm's cost of preferred stock? Multiple Choice 10834 15.47% 9.57% 15.595

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