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Pangboume Whitchurch has preferted stock outstanding The stock pays a dividend of $15 per share, and sells for $75, The corporate tax rate is 21%.

Pangboume Whitchurch has preferted stock outstanding The stock pays a dividend of $15 per share, and sells for $75, The corporate tax rate is 21%. What is the percentage cost of the preferred stock? Note: Enter your onswer as o whole percent

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