Question: please solve correctly will upvote P14-11 (similar to) Question Help (Cost of preferred stock) The preferred stock of Walter Industries Inc, currently sells for $36,34

please solve correctly will upvote please solve correctly will upvote P14-11 (similar to) Question Help (Cost of

P14-11 (similar to) Question Help (Cost of preferred stock) The preferred stock of Walter Industries Inc, currently sells for $36,34 a share and pays $2.56 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 in % (Round to two decimal places.)

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