Question: = Homework: Chapter 14 Homework Question 5, P14-11 (similar to) HW Score: 0%,. O Points: 0 of (Cost of preferred stock) The preferred stock of

= Homework: Chapter 14 Homework Question 5, P14-11 (similar to) HW Score: 0%,. O Points: 0 of (Cost of preferred stock) The preferred stock of Walter Industries Inc. currently sells for $35.37 a share and pays $2.57 in dividends annually. What is the firm's cost of capital for the preferred stock? The firm's cost of capital for the preferred stock is%. (Round to two decimal places.)

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