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Score: 0 of 1 pt 4 of 8 (0 complete HW Score: 0%, 0 of 11 pts P14-11 (similar to) Question Help (Cost of preferred

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Score: 0 of 1 pt 4 of 8 (0 complete HW Score: 0%, 0 of 11 pts P14-11 (similar to) Question Help (Cost of preferred stock) The preferred stock of Walter Industries Inc. Currently sells for $38.24 a share and pays $257 in dividends annually. What is the firm's cost of capital for the preferred stock? The firm's cost of capital for the preterred stock in % (Round to two decimal places) Doe W

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