Question: Question 2 (1 point) D Bob's Stuff, Inc has preferred stock with a stated dividend of $2.71, which currently trading at $26.80 per share, and

Question 2 (1 point) D Bob's Stuff, Inc has preferred stock with a stated dividend of $2.71, which currently trading at $26.80 per share, and Bob believes that the company can issue additional shares at that price net. What is Bob's cost of preferred stock? (Answer in decimal form to 4 places. Do not use a percent sign, ie 0.9999)

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