At the present time, Bogdan Enterprises does not have amy preferred stock outstanding but is looking to inchude prefertod stock in its capital structure in the future. Bogdan has found sorme institutional irvestors that are willing to purchase its preferred stock issue provided that it pays a perpefual dividend of $14 per share. If the investars pay $134.26 per share for their investment, then Bogdan's cost of preferred stock (rourided to four decimal places) will be places) will be At the present time, Bogdan Enterprises does not have amy preferred stock outstanding but is looking to inchude prefertod stock in its capital structure in the future. Bogdan has found sorme institutional irvestors that are willing to purchase its preferred stock issue provided that it pays a perpefual dividend of $14 per share. If the investars pay $134.26 per share for their investment, then Bogdan's cost of preferred stock (rourided to four decimal places) will be places) will be