Bob's Stuff, Inc has preferred stock with a stated dividend of $2.64, which currently trading at $28.75 per share, and Bob believes that the company can issue additional shares at that price, but with flotation costs at 9% of the selling price. What is Bob's cost of preferred stock? (Answer in decimal form to 4 places. Do not use a percent sign, ie 0.9999) Your Answer: Answer Question 6 (1 point) Steve's Specialties, Inc. paid its dividend yesterday, which as $ 2.50. The dividend has been growing at a rate of 0.010 and is expected to continue indefinitely at that rate. Steve's common stock is currently trading at 24.00 per share. The firms beta is 0.90. Treasuries (T-bills) are currently yielding 0.030