Question: Q5 PLEASE ANSWER CORRECTLY AND PROMPTLY!! PLEASE SHOW ALL WORK!! Dewyco has preferred stock trading at $52 per share. The next preferred dividend of $4

Q5 PLEASE ANSWER CORRECTLY AND PROMPTLY!! PLEASE SHOW ALL WORK!!

Q5 PLEASE ANSWER CORRECTLY AND PROMPTLY!! PLEASE SHOW ALL WORK!! Dewyco has

Dewyco has preferred stock trading at $52 per share. The next preferred dividend of $4 is due in one year. What is Dewyco's cost of capital for preferred stock? The cost of capital for preferred stock is \%. (Round to one decimal place.)

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