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Question 8 0.5 pts The preferred stock of Dolphin Pools pays an annual dividend of $4.6 a share and sells for $43.49 a share. The

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Question 8 0.5 pts The preferred stock of Dolphin Pools pays an annual dividend of $4.6 a share and sells for $43.49 a share. The tax rate is 25.9 percent. What is the firm's cost of preferred stock? Write your answer in percentage form, and round your answer to 2 decimal places

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