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Problem 5 Intro Snowglobe Inc. has preferred stock outstanding that promises to pay a fixed annual dividend of $0.84 forever. The stock currently trades for

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Problem 5 Intro Snowglobe Inc. has preferred stock outstanding that promises to pay a fixed annual dividend of $0.84 forever. The stock currently trades for $7.94 Attempt 1/5 for 8 pts. Part 1 What is the cost of preferred stock? 3+ decimals Submit Problem 6 Intro Four Seasons has preferred stock outstanding that promises to pay a quarterly dividend of $0.85 every quarter forever. The stock currently trades for $27.9 Attempt 1/5 for 10 pts. Part 1 What is the annual cost of preferred stock? 3+ decimals Submit

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