1.0 VMWARE Alorca ES E MINDTAP a Search this cou EOC Questions (CNOW) ment: Chapter 10 - EOC Questions (CNOW) Anment con 52 Sutartiment for Grading Problem 10.1(Cost of Preferred to including Metation) Question of 10 Check My Work (remaining) elleok Travis Industries plans to issue perpetual preferred stock with an $11.00 dividend. The stock is currently selling for $96.50, but otation costs will be 8% of the market price, so the net price will be 88.78 per share. What is the cost of the preferred stock, induting flotation Round your answer to two decimal places 9 Check My Work (emaining) 0- Problem 10.14 Cast of Preferred Stock Including Potation Queen of 10 600 F O ENG