Question: Blossom Luxury Liners has preferred shares outstanding that pay an annual dividend equal to $ 2 8 per year. If the current price of Blossom

Blossom Luxury Liners has preferred shares outstanding that pay an annual dividend equal to $28 per year. If the current price of Blossom preferred shares is $140.00, what is the cost of preferred stock for Blossom? (Round answer to decimal places, e.g.15%)

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