Skyler Industries' preferred stock currently sells for $48 per share. The stock pays an annual dividend of $3.03 per share. The cost of preferred stock, Rp, is %. Margin of error for correct responses: +/.05(%) Rounding and Formatting instructions: Do not enter dollar signs, percent signs, commas, X, or any words in your response. Do not round any intermediate work, but round your *final* response to 2 decimal places (example: if your answer is 12.3456, 12.3456\%, or $12.3456, you should enter 12.35). Note: Correct answer feedback may show more than 2 decimal places, but you should still follow instructions above for entering your answers