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Please do all parts. (Cost of preferred stock) The preferred stock of Walter Industries Inc. currently sells for $35.55 a share and pays $2.54 in

image text in transcribedPlease do all parts.

(Cost of preferred stock) The preferred stock of Walter Industries Inc. currently sells for $35.55 a share and pays $2.54 in dividends annually. What is the firm's cost of capital for the preferred stock

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