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Question 2 1 pts Your company has an issue of preferred stock with a stated dividend of $5.23 that just sold for $46.25 per

Question 2 1 pts Your company has an issue of preferred stock with a stated dividend of $5.23 that just sold for $46.25 per share. What is the company's cost of preferred stock? (Do not round any intermediate calculations. List your answer as a percent, round your final answer to 2 decimal places and enter it in the box below.)

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