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Novomix Inc. pays its preferred stockholders a dividend of $ 1 . 7 5 every year. The current price of one of their preferred shares

Novomix Inc. pays its preferred stockholders a dividend of $1.75 every year. The current price of one of their preferred shares is $35.30. Novomix pays 21% in corporate tax. What is the cost of its preferred shares?
a)15.66%
b)19.83%
c)4.96%
d)3.92%
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