Question: I need your help double check your work !! The preferred stock of Voyageurs C0. pays an annual dividend of $5.25 a share and sells

I need your help double check your work !!

The preferred stock of Voyageurs C0. pays an annual dividend of $5.25 a share and sells for $60 a share. What is the firm's cost of preferred stock? 6.48 percent 7.00 pereent 8.75 percent 5.24 percent

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