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Question 33 1 pts Preferred stock of Kingston Bank pays a dividend of $3.23 each year and trades at a price of $32. What is

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Question 33 1 pts Preferred stock of Kingston Bank pays a dividend of $3.23 each year and trades at a price of $32. What is the cost of preferred stock capital for Kingston? Round to 1 decimal place. Le 1.1 for 1.1%

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