Skyler Industries' preferred stock currently sells for $47 per share. The stock pays an annual dividend...
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Skyler Industries' preferred stock currently sells for $47 per share. The stock pays an annual dividend of $3.18 per share. The cost of preferred stock, Rp, is _%. Margin of error for correct responses: +/- .05(%) Rounding and Formatting instructions: Do not enter dollar signs, percent signs, commas, X, or any words in your response. Do not round any intermediate work, but round your final response to 2 decimal places (example: if your answer is 12.3456, 12.3456%, or $12.3456, you should enter 12.35). Note: Correct answer feedback may show more than 2 decimal places, but you should still follow instructions above for entering your answers. Skyler Industries' preferred stock currently sells for $47 per share. The stock pays an annual dividend of $3.18 per share. The cost of preferred stock, Rp, is _%. Margin of error for correct responses: +/- .05(%) Rounding and Formatting instructions: Do not enter dollar signs, percent signs, commas, X, or any words in your response. Do not round any intermediate work, but round your final response to 2 decimal places (example: if your answer is 12.3456, 12.3456%, or $12.3456, you should enter 12.35). Note: Correct answer feedback may show more than 2 decimal places, but you should still follow instructions above for entering your answers.
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