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Question 2 (1 point) A company has an issue of preferred stock with a stated dividend of $4.70 that just sold for $90 per share.

Question 2 (1 point) A company has an issue of preferred stock with a stated dividend of $4.70 that just sold for $90 per share. What is the company's cost of preferred stock? Enter your answer as a decimal number (not as a percentage number) with 4 digits to the right of the decimal point in the box shown below. Your

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